Capture more than a total
For each purchase, save the receipt, date, amount, seller, and a short note about its purpose. If a receipt combines personal and business items, identify the items separately for review.
Keep equipment history
Create a record for major equipment that includes purchase information, when it began being used, any changes in use, and its eventual sale or disposal. Preserve prior-year treatment rather than starting the history again each year.
Use categories to organize, not decide
A label such as feeders, shipping, or equipment helps you find records. It does not by itself establish a deduction. Bring the facts and supporting records to the preparer who reviews the treatment.
References and scope
This guide provides general recordkeeping education. It does not determine your tax treatment, permits, or filing obligations. Rene is completing his accounting degree and is working toward the Enrolled Agent credential; he is not currently an Enrolled Agent.