Business & farm


@mgmorris wrote:

Where can I enter this information in TurboTax for the asset?


In the Business tab (you need to set up your business in the program first). You can type in "assets purchased, self-employed business" in the search box, click the Find button, and then click the "Jump to" link (see first screenshot). 

 

If you are in the Business section, click the Start button to the right of Assets Being Depreciated (see second screenshot).

 

Your depreciable basis is $15,000. You will not enter the salvage value in TurboTax.

 

assets.pngbusinessassets.png