Enter the new asset purchased in 2021 at this screen. You may elect special depreciation or the 179 deduction to claim the entire cost of the new asset on the current year's tax return.
Do not delete or change the entries for your two cameras. The assets will remain in your asset summary. You may return to them at some point down the road if the assets are disposed of or sold.
You said
"OK, next we'll review some assets you've previously entered. Once you're done with that, make sure these purchases are entered as other miscellaneous expenses, not assets."
You made the annual election to deduct items $2,500 or less as expenses rather than depreciating the items over multiple years. The statement wants you to re-characterize assets that were purchased in 2021, not 2020.
You may bypass this entry at the screen Now, let's review each item you bought by selecting Some items I bought.... rather than Every item I bought.....
The software knows that the cameras were purchased in 2020 but you may want to review the entries on IRS Form 4562 line 2. IRS Form 4562 Instructions page 3 states:
Line 2
Enter the total cost of all section 179 property you placed in service during the tax year....
View the form at Tax Tools / Print Center / Print, save or preview this year's return / Include government and TurboTax worksheets.
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