I am self employed, and have paid a deposit for a custom made piece of equipment for my business. where do i enter this as a deduction, if i can duduct it at all?

[deagle001]

a custom made trumpet, 

[Coleen3 · Accepted solution]

A deposit is not a purchase. Once the asset is paid for in full, you can expense via a Section 179 deduction or depreciate it over its useful life.