USA Wine barrels and de minimis

[ahilderbrand]

Do wine barrels used by a winery qualify for the de minimis election if they are individually under $2,500?

 

[kirby]

Yes, and for 2018 limit was $5,000. See IRS publication 535 page 4 for your backup. It states 5,000 per item as long as that is supported by an invoice.