Yes, in most cases. Materials purchased for business use are generally deductible as ordinary and necessary business expenses in the year they are purchased. This applies to both new and used materials.

Section 179 allows businesses to deduct the full purchase price of qualifying used equipment purchased or financed during the tax year. The equipment must be used for business purposes more than 50% of the time and put into service in the year you claim the deduction.

While most legitimate business expenses are fully deductible, certain expenses may face limitations. For example, Section 179 deductions have annual limits ($1,250,000 for 2025), and some deductions may be limited by your business's total income for the year. Always consult with a tax professional for guidance specific to your situation.

All transactions on our marketplace generate receipts and transaction records that can be used for tax documentation. We recommend keeping these records for at least 7 years, along with descriptions of how the materials were used in your business operations.

Yes, businesses can generally claim a tax deduction for donations of inventory or materials to qualified charitable organizations. The amount of the deduction depends on several factors, including your business structure, the type of property donated, and the receiving organization. In some cases, C-corporations may qualify for enhanced deductions above the property's basis.