The enclosed trailer
will still be listed as a business asset, just not in the section for items
under $2500.
If you had other items that cost under $2500, go ahead and
complete that section. When you are
finished with that section, the next questions will allow you to enter the
details about any item(s) that cost more than $2500. These will be entered for depreciation or as
a section 179 expense.
Your trailer should be categorized as “Tools, Machinery, Equipment, Furniture” and then “Trailers and Trailer Mounted Containers”. Then, you will enter the details about your
trailer such as the cost and date of purchase.
Finally, you will be given your options for deducting the cost of the
trailer.
For more information about depreciation, please take a look
at the following TurboTax article Depreciation
of Business Assets.
