If you purchased something for your business, the price you paid for it is the asset price.
If you utilize that asset for both business and personal use, you will allocate the percentage used for business.
For example:
- You purchase a laptop for $1,000.
- You utilized it 20% of the time for personal use.
- The business portion is 80%, or $800.
Reminder: When you're in TurboTax, and you're not sure of something, select the (?) next to the topic for more information.
If this does not completely answer your question, please contact us again and provide some additional details.
@A320drvr
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