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Get your taxes done using TurboTax
The monthly payment plans do not complicate anything. When you make a purchase and assume a liability for it (ie. put it on a credit card or payment plan) it is treated the same as paying for it.
Office furniture is generally a 7-year depreciable asset. However, as you are walking through TurboTax, you will be given options expense these items or depreciate them depending on the cost. This section is not yet available in TurboTax as the IRS has not finalized all forms. It is expected to be ready mid to late January.
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‎January 2, 2020
5:47 AM