where do I list my equipment purchases?

1 reply
57 views

I bought 2 computers I need to write off as expense. Where do I list them?

TurboTax Online

AnnetteB6

Employee Tax Expert

If you are using the computers for a Schedule C business, then you would enter them as an Asset under your Schedule C. After they have been entered as an Asset for depreciation, TurboTax will ask follow-up questions to give you options about how you want to claim the expense. Go to your Schedule C and edit the business. Then go to the Business Assets section to get started.

If you purchased them for use in a rental property, then you would enter them as an Asset under your Schedule E.

If you purchased them to be used as an employee receiving a W-2, then they are not deductible.

If none of these scenarios fit your situation, please share more details about why you purchased the computers.

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