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Business & farm
@mgmorris wrote:I was actually using the Business Premier for my LLC, does that change anything? (Other than where to enter assets in the program of course)
I should just enter $15,000 as my purchase price for the asset instead of the actual $20,000 that I paid?
Yes, enter $15,000 for the asset (that is your basis for depreciation).
The actual version does not make a difference except you need TurboTax Home & Business or Self-Employed to enter a business asset that you are depreciating. There is no such program as Business Premier, just TurboTax Premier (and TurboTax Business, which is for multi-member LLCs).
‎June 25, 2019
8:57 PM