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kmboman
New Member

How do i handle in Turbo Tax 2018 if I have closed my at home business (no employees) and i am going to keep two of the equipment assets under a $1000 ea valued?

This equipment was in 2017 and previous year listed on form 4562 line 6. line 8, line 12 for total cost of equipment.

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Cindy0H
New Member

How do i handle in Turbo Tax 2018 if I have closed my at home business (no employees) and i am going to keep two of the equipment assets under a $1000 ea valued?

When you go into the Business Assets, edit those two assets. On the page about the asset (see screenshot), click the item was sold, retired, etc. Enter date it was converted to personal use (or whatever you did with the asset).

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