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If I bought a laptop in 2017 for a business I since left & recently filed a new business (same industry) in 2018, should the asset be considered used from 2017, or 2018?
I bought a laptop I used for business purposes in August of 2017.
I left that company.
I filed a new company in the same industry on August 15, 2018. (a little over one year later.)
I am still using the same laptop, and have been since buying it in 2017. This laptop helped me start the new company.
In the Deductions section, it asks:
"When did you buy this asset (or start using it for business?)"
The examples given are a little confusing as to whether I should choose 2017 or 2018 for my circumstances.
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‎June 5, 2019
11:05 PM