When entering a business asset, you'll see the screen Tell Us About This Asset/Large Purchase. The option I purchased this asset new is only for a brand new asset, not just new to you or your business. If you bought the asset used or bought second-hand and the other boxes don't apply, don't make a selection on this screen.
- I received an email about using different TurboTax accounts
- Can I take the home office deduction?
- Can I claim energy-efficient appliances or energy-saving home improvements?
- Like-Kind Exchanged: Can I Exchange Like Foreign Assets for Like US Assets?
- My return is accepted but still not approved is there a problem? Should I be worried?