- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
After you file
@dgreenegretz If you deduct the entire cost of your computer by taking a Section 179 deduction, if your business shows a net profit on Schedule C. Otherwise, you will have to depreciate the cost over three years. For more information on Section 179 deductions, see the following TurboTax Help article: What is a Section 179 deduction?
To take a Section 179 expense in TurboTax, the program will give you the option in the asset entry section to check a box indicating " I'll deduct the full value of the item this year. (Take the Section 179 deduction)".
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎January 23, 2022
12:15 PM
1,673 Views