If you used TurboTax last year to do your 2022 tax return, and you already entered the $3000 to be amortized, then the program will automatically pull that information from last year to your 2023 return. If you did not use TurboTax last year and you need to enter it go to:
- Login to your TurboTax account
- Go to Tax Home then Wages & Income
- Select Edit/Add next to Self-employment income and expenses
- Edit the business
- Edit your Assets
- Add amortization and follow the questions
If you did not enter it on your 2022 return, you might want to amend your 2022 return.
See the following TurboTax help articles if you would like more information:
