Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Your taxes, your way. Get expert help or do it yourself. >> Get started
Close icon
Do you have a TurboTax Online account?

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

cancel
Showing results for 
Search instead for 
Did you mean: 
jackiehernandez
New Member

I bought a computer for my business. I put it in depreciation are & chose to deduct full amount. Do I still need to re-enter it in my expenses? I don't want to duplicate.

When i entered it in depreciation and chose to deduct full amount this year, it lowered my amount of tax due. But instructions on TurboxTax say to now go back and add the computer in my expenses. Won't that mean I'm adding the same deduction twice?
1 Best answer

Accepted Solutions
LeeM
New Member

I bought a computer for my business. I put it in depreciation are & chose to deduct full amount. Do I still need to re-enter it in my expenses? I don't want to duplicate.

No, you should not re-enter that computer. The depreciation expense would be doubled if you did.

View solution in original post

1 Reply
LeeM
New Member

I bought a computer for my business. I put it in depreciation are & chose to deduct full amount. Do I still need to re-enter it in my expenses? I don't want to duplicate.

No, you should not re-enter that computer. The depreciation expense would be doubled if you did.

About Community

Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.

3.49m
Members

2.63m
Discussions

Manage cookies
v
ABCDEFGHIJKLMNOPQRSTUVWXYZabcdefghijklmnopqrstuvwxyz0123456789-_~