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@gringo252 wrote:
Turbotax does not have appliances as a depreciation category.
Actually, TurboTax does have appliances as a depreciation category (see screenshot below).
However, you are probably better off using bonus depreciation which will allow you to expense the asset.
@gringo252 wrote:
Turbotax does not have appliances as a depreciation category.
Actually, TurboTax does have appliances as a depreciation category (see screenshot below).
However, you are probably better off using bonus depreciation which will allow you to expense the asset.
Depreciating a washing machine over 5 years will not make one bit of difference to your tax liability. Since it costs less than $2,500 and is not a permanent physical part of the structure, you can just expense it under safe harbor and be done with it forever.
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