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Old 04-03-2016, 09:28 PM
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rental business

In a costume rental business, would the supplies purchased to create the costumes be deductions or assets?



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Old 04-04-2016, 06:32 PM
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Quote:
Originally Posted by lmoleson View Post
In a costume rental business, would the supplies purchased to create the costumes be deductions or assets?
supplies purchased for your biz purposes are usually deductible on your Sch C unless they are depreciable biz assets,i.e., computers/ software desk Tbles or etc



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