KrisD15
Expert Alumni

Business & farm

You can enter the Camper as an asset of the business and depreciate it over 5 years. 

Keep track of the amount of Deprecation, Bonus Depreciation, and/or Section 179 Deduction you take as it will be a factor when you sell or covert the camper to personal use. 

 

Form 4562 will be included with your tax return and show the depreciation taken year after year. 

 

After you have entered the information about the business, go to Business,,, Business Income nd Expenses

Click Update for Business Income and Expenses

Click EDIT by the business listed 

Scroll down to Business Assets and START or UPDATE

Go through the interview and choose "Intangibles, Other property" on the "Describe This Asset" screen

Continue

Choose "Other asset type"

Continue

Type "Camper" 

Cost

Date Purchased

Continue

Enter the purchase date as also the date you first started using it for business if it was AVAILABLE for rent that day

Continue 

Choose the Asset Class (5 year) from the drop-down 

Choose the Depreciation Method (most likely 200% Declining Balance/MACRS) 

Continue and Done 

 

Depreciation Pub 946 

 

 

 

 

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