the q and a on the side says to hit continue and then hit miscalleneous expenses but when i do it it defaults to assets
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From your question, it appears you are trying to take the Safe Harbor Election. It also looks like you did the first step below. You now have to do the second step below.
When items are purchased for a business, a decision is made whether it’s an expense that you deduct all of the cost now, or you deduct the cost over multiple years (depreciation).
How do I do this with TurboTax?
This is a
two-step process:
The first step:
The second step:
Related information:
From your question, it appears you are trying to take the Safe Harbor Election. It also looks like you did the first step below. You now have to do the second step below.
When items are purchased for a business, a decision is made whether it’s an expense that you deduct all of the cost now, or you deduct the cost over multiple years (depreciation).
How do I do this with TurboTax?
This is a
two-step process:
The first step:
The second step:
Related information:
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