You'll need to sign in or create an account to connect with an expert.
I think you mean you don't want to deduct allowable depreciation on your business assets. Although that is more likely to increase your taxable income and therefore your tax, there are instances where decreasing your business net income can increase your income tax, so it is not advisable to not deduct allowable depreciation.
I suggest you set up your business in the self-employed income section of TurboTax and enter your business assets by their cost and date put into service for the business. Turbo will calculate the allowed depreciation based on that information.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
lorsydorts
New Member
Rockhoundrob
Level 2
jennykim73
New Member
nate32lawless
New Member
bobboka
Level 1
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.