How and where to deduct the asset more than $2500.00 as business expense?

[Cattlerancher · Accepted solution]

If the asset cost more than $2500 you are required to enter it as a business asset to depreciate. You may qualify for accelerated depreciation methods called section 179 or 50% Bonus Depreciation Allowance. When entering the asset, TurboTax will determine if it qualifies for either of these options and give you the choice as to take them or not.

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