I bought two medical imaging devices amounting to about $65000 for my business. How do I claim this as a business expense on turbotax. Would I have to depreciate over a period of time? How? where do I find this information on turbo tax? Thanks in advance
The medical imaging devices would be entered as Assets on your Schedule C business.
When working through the business expenses, look for the section for Business Assets being Depreciated to enter the information about the machines. Unless they are used as a single unit, you would enter each machine as its own Asset. TurboTax will lead you through this section as you enter the information about the machines and give you choices with regard to depreciating them over time or writing off the cost or a portion of the cost in a single year.
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
