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WHAT TYPE OF ASSET WOULD RESTAURANT TABLES AND CHAIRS BE CONSIDERED?

lisa3
Level 1
 
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TaxGuyBill
Level 15

If they qualify for and actually make the De Minimis election, you may consider that and just deduct them.

Otherwise, restaurant assets are code "Q", "Distributive Trades and Services".

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1 Comment 1
TaxGuyBill
Level 15

If they qualify for and actually make the De Minimis election, you may consider that and just deduct them.

Otherwise, restaurant assets are code "Q", "Distributive Trades and Services".

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