Deductions & credits
You could deduct the entire cost of a new item purchased 100% for business, or you could choose to depreciate the item. You will see the options you have when you enter your asset in TurboTax under Business Expenses.
You could deduct the entire cost of a new item purchased 100% for business, or you could choose to depreciate the item. You will see the options you have when you enter your asset in TurboTax under Business Expenses.
