You'll need to sign in or create an account to connect with an expert.
Open up your TurboTax program, at the top of your screen click on Business, Continue, I'll Choose What I Work On, Click Start or Update on Farm Income and Expenses, Click on I Have Income From A Farm, continue, Start your farm with a name OR click on Edit your farm if you've already started one. This is your main Farm Income and Expense page. Scroll down near the bottom you'll find Farm Assets, click start or update. Follow the interview----
In the Asset Entry section while entering the individual asset. If you can give more detail, I'll be glad to assist you----
Copied from your comment;
(radial button choice::) EVERY item I bought costs $2500 or less.
At this point, try clicking "Every item I bought costs $2500 or less and some cost above $2500" instead.
You will have two new questions;
Did you make improvements to a building you used for business in 2016? (Your answer here)
Do you have any items for this business that aren't covered by your elections? (Answer yes here)
This will allow you to move on to individual asset entry and section 179.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
alvin4
New Member
prakshep
New Member
patricia-will7
New Member
x2rrm
Level 3
taxanaut
Level 3
in Education