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sjs
New Member

Where does software expense for a small business with cost of less than $200 go in TurboTax? I chose the "expense it" option when I started entering it as an asset.

Rather than doing the Section 179, I chose to expense a software purchase (as guided by TurboTax when I started to enter it as an depreciable asset), but I cannot figure which expense category it should be included with.

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PatriciaV
Employee Tax Expert

Where does software expense for a small business with cost of less than $200 go in TurboTax? I chose the "expense it" option when I started entering it as an asset.

Software may be included in Office Expenses or added at the end of the expense section as "other expenses" with a custom description.

In general, purchases under $500 are included as expenses rather than assets for depreciation.

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1 Reply
PatriciaV
Employee Tax Expert

Where does software expense for a small business with cost of less than $200 go in TurboTax? I chose the "expense it" option when I started entering it as an asset.

Software may be included in Office Expenses or added at the end of the expense section as "other expenses" with a custom description.

In general, purchases under $500 are included as expenses rather than assets for depreciation.

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