Solved: How do I enter a schedule e de minimis expense on schedule e. Program keeps putting asset in depreciable asset table even though it is less than $2500.
Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
TurboTax has you covered during Covid. Get the latest stimulus info here.
cancel
Showing results for 
Search instead for 
Did you mean: 
jeffgreenhill
New Member

How do I enter a schedule e de minimis expense on schedule e. Program keeps putting asset in depreciable asset table even though it is less than $2500.

 
1 Best answer

Accepted Solutions
HelenaC
New Member

How do I enter a schedule e de minimis expense on schedule e. Program keeps putting asset in depreciable asset table even though it is less than $2500.

If you chose to enter your asset as an expense (De Minimis Safe Harbor election), scroll down to Expenses, and enter the asset as an expense. Do not go through the Assets/Depreciation section.

Related information: What can I expense or depreciate with the business safe harbor election?

View solution in original post

1 Reply
HelenaC
New Member

How do I enter a schedule e de minimis expense on schedule e. Program keeps putting asset in depreciable asset table even though it is less than $2500.

If you chose to enter your asset as an expense (De Minimis Safe Harbor election), scroll down to Expenses, and enter the asset as an expense. Do not go through the Assets/Depreciation section.

Related information: What can I expense or depreciate with the business safe harbor election?

View solution in original post

Dynamic AdsDynamic Ads
v
Privacy Settings