I just purchased a cricut maker machine and supplies for crafts I will be making and selling next year. Can I still claim that machine on my taxes for this year?

Answer

If you materially acquired it this year it has to be included this year.

Whether you can 179 fully expense it, treat it as de minimis safe harbor small tools, or have to depreciate over 5 years is not an answer you can get from  free forum advice. That is a tax issue for your tax advisor.

Suffice to say the safest thing to do is enter as a Fixed Asset and act on it as a potential tax expense later.

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