Under the schedule C expenses/assets section, Does the equipment/tool need to be purchased during the current tax year or just utilized during the tax yr?

posted

The equipment/tool must be purchased during the year. Dependent on the equipment or tool, it would either be deducted as an expense or included as an asset that has to be depreciated.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

How can I print my completed Federal 1040 from my home computer = I purchased the Turbotax software and have my product key and order number?

in After you file

Expert does your taxes

Do it yourself

Resources

Support

Under the schedule C expenses/assets section, Does the equipment/tool need to be purchased during the current tax year or just utilized during the tax yr?

Under the schedule C expenses/assets section, Does the equipment/tool need to be purchased during the current tax year or just utilized during the tax yr?

Unlock tailored help options in your account.

Get more help

Do you have a TurboTax Online account?

Under the schedule C expenses/assets section, Does the equipment/tool need to be purchased during the current tax year or just utilized during the tax yr?

Do you have an Intuit account?

Under the schedule C expenses/assets section, Does the equipment/tool need to be purchased during the current tax year or just utilized during the tax yr?

Unlock tailored help options in your account.

Get more help

Related Content