Question

Bought new inflatable rental equipment

Forum|Forum|6 years ago
April 3, 2020
1 reply
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I bought new inflatable rental equipment this year, both a new generator and a new set of body zorb balls.

Where do I put this expense? Do I carry it across multiple years in repairs/maintenance? Do I just throw them in "other" all this year?

Thanks!

TurboTax Home & Biz Windows

Employee

You can depreciate them over time by listing them as assets. If less than $2,500 you can write them off as supplies.

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But where in the turbo-tax software is there "assets"? I'm not seeing that.

Please see the screen shot below for Schedule C in Home and Business.