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Self employed
In this case a trade refers to a skilled professional trade. Lawyers, accountants, plumbers, etc. are all trades. 'Computer Sales Company' is a business.
As I understand the software package that you purchased - you bought an exclusive use of some software to include ownership of that software. So it is unique to your company, yes? In that case you will follow @TurboTaxVal's last instruction above -
If the software doesn't meet the above tests, enter it as Computer (software) >> Computer software. Again, you'll have the option to take Section 179, again limited to your business profit for the year. The useful life defaults to 5 years for computer software.
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‎February 16, 2023
10:47 AM