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Archive 2013 · Tax question about templates
  
 
RyanL
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p.1 #1 · p.1 #1 · Tax question about templates


Quick question, I buy a lot of templates for youth sports. Cards, memory mates, posters, etc. I probably have bought over 100 last year alone. Does anyone itemize these as software, or lump them all together to claim as one? I forgot to even claim them last year, and now I don't know where I would claim them anyway.


Jul 07, 2013 at 10:30 PM
RyanL
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p.1 #2 · p.1 #2 · Tax question about templates


Still curious what others do, but here is the advice I received from a tax professional for anyone else that may have this question.

They are not likely to be considered inventory. Those are items you can probably either expense or depreciate if they have a useful life beyond a year.

You can't itemized them as a deduction but you can claim them as part of business expenses (through depreciation). Itemize them separately as business assets. Then let software calculate the depreciation for you.



Jul 08, 2013 at 06:42 PM





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