- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
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.
Accepted Solutions
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
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.)
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
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.)
Still have questions?
Make a post