Karaoke business

Forum|Forum|11 months ago
April 7, 2025
1 reply
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Where do I enter the karaoke videos I purchase throughout the year? Normally I add them as an asset and then take the annual election and expense them. This time turbo tax home and business stopped reducing the owed tax in the window after the 2nd entry and would not go lower no matter how much more I added to assets and the taking the annual election to expense. Help please

TurboTax Home & Biz Windows

AnnetteB6

It is fine to enter the karaoke videos the way you have been doing that.

Watching the refund meter as you enter information is not necessarily a good idea if it leads to trying to change the way you are entering an expense just to make the meter move again. There are other things in the background that are keeping that number from changing as you enter more expenses. You would need to look at your overall return to see why the refund meter is not changing with additional expenses.

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