Solved

How do I categorize a washing machine for depreciation?

Forum|Forum|5 years ago
June 10, 2020
2 replies
0 views

Turbotax does not have appliances as a depreciation category.

TurboTax Self Employed Online

Best answer by Anonymous_

@gringo252 wrote:
Turbotax does not have appliances as a depreciation category.

Actually, TurboTax does have appliances as a depreciation category (see screenshot below).

However, you are probably better off using bonus depreciation which will allow you to expense the asset.

re.png

A

Anonymous_Answer

Employee

@gringo252 wrote:
Turbotax does not have appliances as a depreciation category.

Actually, TurboTax does have appliances as a depreciation category (see screenshot below).

However, you are probably better off using bonus depreciation which will allow you to expense the asset.

re.png

Carl11_2

Employee

Depreciating a washing machine over 5 years will not make one bit of difference to your tax liability. Since it costs less than $2,500 and is not a permanent physical part of the structure, you can just expense it under safe harbor and be done with it forever.