uptpilot
New Member

I bought a computer that I use for multiple LLCs. How do I depreciate it?

Using TT Self Employed.  The computer is used for personal business (for the company that provides a W-2), for an LLC (sole proprietorship) that I own, and for two other LLCs that I partly own (partnerships) which will provide Schedule K's.  The Partnerships have a non-reimbursement agreement that says that I'm responsible for expenses related to doing the job.  Where do I deduct this in TurboTax?  If I go to Business --> LLC #1, won't it make it seem like the computer is exclusively the property of LLC #1 and thus excessively eroding LLC #1's reported business income?