Solved
I am self employed, and have paid a deposit for a custom made piece of equipment for my business. where do i enter this as a deduction, if i can duduct it at all?
a custom made trumpet,
A deposit is not a purchase. Once the asset is paid for in full, you can expense via a Section 179 deduction or depreciate it over its useful life.
Enter your E-mail address. We'll send you an e-mail with instructions to reset your password.
©1997-2022 Intuit, Inc. All rights reserved.
Intuit,
QuickBooks, QB, TurboTax, ProConnect, and Mint are registered
trademarks
of Intuit Inc. Terms and conditions, features, support, pricing,
and service options
subject to change without notice.
Security
Certification of the TurboTax Online application has been
performed by
C-Level Security.
By accessing and using this page you
agree to the
Terms of Use.
Accessibility
