Hello all. I'm currently entering in equipment I bought last year that were all over 200 dollars, so I'm entering them in the asset depreciation part of the form. My question has to do with a piece of equipment I bought used off of eBay. When i get to the screen that asks me about the asset I'm only given three options: 1. I traded in an old asset to acquire this one., 2. I purchased this asset new, and 3. The item was sold, retired, etc.
There's no option for me having purchased the asset "used". Can I not deduct this piece of equipment?
Thanks for your help.
