Where I lived you were taxed on the depreciated value of literally everything used for business purposes. Your computer and accessories, desk, pens and paper, literally everything. There was a massive form to fill out every year with different areas for different types of items.
I had to start paying property taxes every year on a desk I’d gotten for free 10 years earlier. That’s how I knew I had to either move or close the LLC. Turns out I did both 😅.
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Where I lived you were taxed on the depreciated value of literally everything used for business purposes. Your computer and accessories, desk, pens and paper, literally everything. There was a massive form to fill out every year with different areas for different types of items.
I had to start paying property taxes every year on a desk I’d gotten for free 10 years earlier. That’s how I knew I had to either move or close the LLC. Turns out I did both 😅.