turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

user27508
New Member

Can computers and printers be added as an asset for depreciation if used to track investments? I do not have a home business.

The equipment is used 35% for investment purposes.
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

Can computers and printers be added as an asset for depreciation if used to track investments? I do not have a home business.

No. they would be an investment expenses that are not currently deductible for federal income tax purposes

View solution in original post

2 Replies
MarilynG1
Expert Alumni

Can computers and printers be added as an asset for depreciation if used to track investments? I do not have a home business.

No, Assets for Depreciation would need to be attached to a Business of some sort (Schedule C) or Rental Property (Schedule E).

 

An asset is property you acquire to help produce income for your business.

 

Here's more info on Depreciation of Business Assets.

 

@user27508 

 

 

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Can computers and printers be added as an asset for depreciation if used to track investments? I do not have a home business.

No. they would be an investment expenses that are not currently deductible for federal income tax purposes

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies