topic Is the purchase cost of asic miners added under start up cost or business assets or both? in Get your taxes done using TurboTax https://ttlc.intuit.com/community/taxes/discussion/is-the-purchase-cost-of-asic-miners-added-under-start-up-cost-or-business-assets-or-both/01/2794623#M1012574 Tue, 10 Mar 2026 06:44:34 GMT tamayowut 2026-03-10T06:44:34Z Is the purchase cost of asic miners added under start up cost or business assets or both? https://ttlc.intuit.com/community/taxes/discussion/is-the-purchase-cost-of-asic-miners-added-under-start-up-cost-or-business-assets-or-both/01/2794623#M1012574 Tue, 10 Mar 2026 06:44:34 GMT https://ttlc.intuit.com/community/taxes/discussion/is-the-purchase-cost-of-asic-miners-added-under-start-up-cost-or-business-assets-or-both/01/2794623#M1012574 tamayowut 2026-03-10T06:44:34Z Re: Is the purchase cost of asic miners added under start up cost or business assets or both? https://ttlc.intuit.com/community/taxes/discussion/re-is-the-purchase-cost-of-asic-miners-added-under-start-up-cost-or-business-assets-or-both/01/2794676#M1012595 <P>Durable goods that are intended and expected to last more than one year are assets and, as such, are capitalized and depreciated over the applicable recovery period once the business is open for business. In other words, the cost of assets are generally not start-up costs.</P> Sat, 19 Nov 2022 14:43:19 GMT https://ttlc.intuit.com/community/taxes/discussion/re-is-the-purchase-cost-of-asic-miners-added-under-start-up-cost-or-business-assets-or-both/01/2794676#M1012595 Anonymous_ 2022-11-19T14:43:19Z