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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1 Best answer

Expert Alumni

Jun 5, 2019 10:35:06 PM

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.

Expert Alumni

Jun 5, 2019 10:35:06 PM

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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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.