DavidD66
Expert Alumni

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)".

 

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