To record depreciation expense in TurboTax Home & Business, follow these steps
- Go to Business / Business Income and Expenses / I'll choose what I work on / Business Income and Expenses.
- Click Edit to the right of the business entity.
- At the screen Your Business, scroll down to Business Assets.
- Click Start / Update to the right of Assets being depreciated.
- Enter information at the screen Describe this asset.
- Enter information at the screen Tell us a little more.
- Enter information at the screen Tell us about this asset.
- Enter information at the screen Tell us more about this asset.
- Depreciation questions begin at the screen How do you want to deduct this item?
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