Yes, you do need to report the business expense for the equipment on your 2022 tax return since you purchased it in 2022. You can depreciate the equipment (instead of taking the full cost of the expense) over the life of the asset by deducting a portion of the cost over several years (the life of the asset). There are three criteria that your equipment must meet to depreciate: the asset must be used to produce business income, it must wear out or lose value over time, and its useful life must be more than one year.
Please see the IRS FAQ on Depreciation. You can also review the TurboTax Help article What is depreciation?
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