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Get your taxes done using TurboTax
Thanks for your help, PatriciaV!
Where do I find the Repairs or Other Miscellaneous Expenses section under the farm income section?
Also in the "Farm Asset" section, TurboTax gives as an example a fence as a depreciable asset.
To see this, create a new asset, then the next page "Describe This Asset" select "Intangibles, Other property." Then on the next page "Tell Us a Little More" under the option "Land improvements" is lists "Landscaping, pavement, sidewalk, shrubbery, fence."
I haven't submitted my taxes just yet, so I still have time to go in and correct this but I set up my fence as an asset.
‎April 8, 2024
10:06 AM