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by smoothpebble on March 18th, 2007

smoothpebble

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What is the difference between office equipment, office supplies, supplies, and equipment on Schedule C

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Answers. 2 helpful answers below.

  • by Anonymous on April 6th, 2007

    Anonymous

    Does this section deal with using your home or part of your home, as an office? does your question relate to equipment as a deduction, in this situation?

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  • by anon on April 6th, 2007

    anon

    Equipment depreciates but otherwise lasts a number of years, eg: a copier, fax machine, hole puncher, etc. Think 'machines.'

    Supplies get used up, they are expendable; even if you buy a year's worth of paper, it gets consumed. So a copier is office equipment, but the toner and paper for it are supplies.

    Or your C, look for the depreciation worksheet and use that for your new-this-year equipment; on older equipment, it'll depend on whether or not you took the full price deduction in the year you bought it. Good luck.

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