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Get your taxes done using TurboTax
Thanks @Anonymous_ Now Sch C trick seems to working now. Could you please help me with with these questions?
Business expense deductions
There are 2 types of Business Expenses which one would deduct as expense
services - subscription , data fees etc
goods/hardware - computer you need
Lets assume I have already deducted them for 2022 taxes.
Then do you get to choose depreciation as Business Asset for the same computer expense which you have already deducted as business expense. Or it has to be something else which you either have not deducted or not able to deduct as business expense?
Computer Hardware I bought and deducted as business expense in year 2022 are now business assets?
yes or no?
In turbotax it is asking Business assets summary.
Thanks in advance