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Seems to be a bug with entering Assets for a business in Turbotax Self-Employed. It won't let me enter them after asking a few questions.

Click Asset - Yes - Yes - Yes - Yes - Every item I bought costs $2,500 or less. Then it goes right back to the Income & Expense main page and the loop starts over if I click on Assets, which still isn't filled out.
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Accepted Solutions
LindaA
Expert Alumni

Seems to be a bug with entering Assets for a business in Turbotax Self-Employed. It won't let me enter them after asking a few questions.

Because you have elected to expense these items (take the deduction all at once) instead of depreciating them (spreading the deduction out over several years), you'll enter the information as expenses rather than assets. Instead of trying to edit or review your assets, you can enter these expenses under miscellaneous expenses, which lets you enter a description and amount for each item. (Click the screenshot below to enlarge it for reference.) 

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1 Reply
LindaA
Expert Alumni

Seems to be a bug with entering Assets for a business in Turbotax Self-Employed. It won't let me enter them after asking a few questions.

Because you have elected to expense these items (take the deduction all at once) instead of depreciating them (spreading the deduction out over several years), you'll enter the information as expenses rather than assets. Instead of trying to edit or review your assets, you can enter these expenses under miscellaneous expenses, which lets you enter a description and amount for each item. (Click the screenshot below to enlarge it for reference.) 

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