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Get your taxes done using TurboTax
The computer is an asset, and is usually depreciated over 5 or 7 years. Turbo tax can help you with that.
Otherwise, you could take accelerated depreciation on it. And... another tip: to be a business, you must show a profit in 3 out of 5 years, or else it is classified as a hobby. Hope this helps.
March 22, 2022
3:39 PM