ThomasM125
Expert Alumni

Deductions & credits

You could add the asset as an "Intangible" which would allow you to depreciate it over a period of 3, 5, 7, 10 years or longer on a straight line basis.  You would have to use a term that would be appropriate for the asset, taking into consideration it's useful life. The method chosen would be applied consistently in future years by TurboTax. You would have to use the same method of depreciation for all assets of the same class.

 

 

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