Website domain name purchase

Well you can book it as an intangible asset and capitalize it over 10 years, that means you would get 200 each year as an expense.

But 2,000 is below the threshold for de minimus spending, so you can just post it to an expense account and reduce taxable income by 2K if you want.

One or the other but not both

ok

Hi @Rustler 

Thank you for sharing your information with us.
What is the threshold, reduce taxable income in a single year? 

Best.

@Ugur01 

The IRS has a de minimis safe harbor of $2,500 per invoice or per item on an invoice.  HOWEVER, that only applies to tangible property.  A web domain is an intangible asset and needs to be capitalized (recorded as an asset) because it will provide a future benefit to the user.  If you elect to use the safe harbor you need to provide a written statement to the IRS and apply the safe harbor consistently to expenditures in the year you elect to use it. 

https://www.thetaxadviser.com/newsletters/2016/may/how-internet-domain-names-are-taxed.html  

Thank you @Rainflurry