turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

joelmonty
New Member

Schedule C--Where do I enter electronics purchases (printers, etc)?

I have several electronics purchases made to support my Internet business and traveling to give workshops.  I don't see a clear category for these expenses on the Schedule C expenses--unless I use the Miscellaneous Category for these.

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

3 Replies
RichardK
New Member

Schedule C--Where do I enter electronics purchases (printers, etc)?

You can report these expenses in the Miscellaneous category, if you do not see a better description, and you probably want to elect to expense small assets, click here for entering the election in Turbotax.

Schedule C--Where do I enter electronics purchases (printers, etc)?

That's got to be the wrong link!
<a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/questions/3266204-de-minimis-safe-harbor-election">https://ttlc.intuit.com/q...>

Schedule C--Where do I enter electronics purchases (printers, etc)?

I know this is late, but it might help others. (Note: I'm not a tax professional, but another one like you trying to bumble through taxes myself.) It probably IS the right link. The election to expense items under $2,500 instead of capitalizing them IS called de minimis safe harbor. (In other words, it's so small, let's not bother with that depreciation mess.) Here's a link that explains it: https://www.thetaxadviser.com/issues/2024/may/the-de-minimis-and-routine-maintenance-safe-harbors.ht...

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies