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Investors & landlords
Thank you. I'm a little confused. Off the bat I am asked if I bought any items for any business, rental property and/or farm that cost $2.500 or less in 2022. Of course I did as I am self-employed for my income. When I answer yes it asks on the next page if I want to deduct these items as an expense.
Is it referring to all the other items I entered or just this one, which will be the house, which of course I cannot expense. It then asks me if I want to make this annual election. Once again I'm not sure what it is referring to all the expense or the one I am about to enter..
Any help would be appreciated.
March 10, 2023
2:12 PM