RobertB4444
Expert Alumni

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.

 

@ndc24075 

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