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arvidnelson
New Member

Where do I itemize NON "incidential" personal business expenses?

Hello! I'm wondering where to record big-ticket home office expenses – things like a desk I bought at Ikea, for instance, or a desktop computer. I see a category for office expenses (software, decorations), and a category for supplies (incidental items like pens and ink cartridges), but nothing for larger, more expensive, semi-permanent equipment like computers or furniture. Thank you!
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Accepted Solutions
MichaelMc
New Member

Where do I itemize NON "incidential" personal business expenses?

In the Business Income and Expenses section, scroll down to Business Assets and click [Start] or [Update] next to Assets Being Depreciated.

The interview will guide you through a series of questions about each of your "big ticket" items and explain the guidelines for depreciating such assets or taking advantage of first-year expensing under Sec. 179.

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2 Replies
MichaelMc
New Member

Where do I itemize NON "incidential" personal business expenses?

In the Business Income and Expenses section, scroll down to Business Assets and click [Start] or [Update] next to Assets Being Depreciated.

The interview will guide you through a series of questions about each of your "big ticket" items and explain the guidelines for depreciating such assets or taking advantage of first-year expensing under Sec. 179.

arvidnelson
New Member

Where do I itemize NON "incidential" personal business expenses?

Thank you!
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