I have revenue from a YouTube channel. I purchased a few items for the sole purpose of making these revenue generating YouTube videos. These include items like: a new computer, camera, microphones.
The help page for "Establish a policy for writing off your purchases" says "It's common for small businesses with revenues of less than $20,000 to expense lower cost items. This keeps accounting simpler."
I have less than $20,000 of income and want to expense these items rather than depreciate them.
Where exactly do I do that in TurboTax? Can you tell me exactly how to navigate to this?
I'm on the "Any Large Purchases (Depreciable Assets)?" page and it says "We handled your smaller purchases in the expense topic"
