Enter the tractor as an asset on your schedule F. You will be entering the date that you placed the tractor in service in the Asset section, and depreciating the equipment. To navigate to the section:
- Select the Business
tab
- I'll choose what I work on
- Then scroll the business page for Farm Income
and Expense section.
See attachment
https://www.irs.gov/pub/irs-pdf/p946.pdf
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