KrisD
Intuit Alumni

Deductions & credits

If you expect it last for more than 1 year, you will need to depreciate it on your Schedule C.

The software will let you know the options you have for depreciating it, sometimes you can elect to depreciate the entire amount the first year you put an asset into service.

CLICK HERE to learn what depreciation is 

CLICK HERE for information about the section 179 deduction



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