If in desktop/online, search for "Business Expenses" in the search tool: Click the jump to business expenses link in blue If you already entered your business info, it should confirm and move you on to expenses and income, if not it will ask you to enter info about your business, click continue Go to Business Assets, click start and follow interview Enter the asset and choose an election based on your needs @syringaboutiquei

Question

I purchased a piece of business equipment for $17,500 but can't figure out where to record/claim it.

Forum|Forum|3 years ago
January 25, 2023
1 reply
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TurboTax Live Self Employed

MichaelG81

If in desktop/online, search for "Business Expenses" in the search tool:

Click the jump to business expenses link in blue
If you already entered your business info, it should confirm and move you on to expenses and income, if not it will ask you to enter info about your business, click continue
Go to Business Assets, click start and follow interview
Enter the asset and choose an election based on your needs

@syringaboutiquei

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