2042350
I have a couple of small assets I purchased for rental property. TT didn't seem to ask me if I had anything new to enter, where do I enter them? Also, in previous years I could deduct the full amount of new assets if it was less than $1500 or something like that. Is that option still available?
Thank you in advance for your answers!
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@CaddyGrn wrote:
...in previous years I could deduct the full amount of new assets if it was less than $1500 or something like that. Is that option still available?
Yes, it is still available but it is $2,500 per invoice or item.
Thank you for your prompt answer! *Embarrassed* I did finally find where the question about purchasing new things was in the TT "interview" just took me a while! TT said to treat the items simply like expenses, so I assume I just list them in my expenses spreadsheet and use the totals?
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