topic Purchased a computer and a separate Extended 3 yr Warranty. I have 2 items to claim here. Is the Computer a CCA Asset (50) and the Warranty an Expense in year purchased? in Get your taxes done using TurboTax

Purchased a computer and a separate Extended 3 yr Warranty. I have 2 items to claim here. Is the Computer a CCA Asset (50) and the Warranty an Expense in year purchased?

elisa — Tue, 04 Jun 2019 00:28:31 GMT

Yes, you will enter the computer as an asset and the warr...

MaryK1 — Tue, 04 Jun 2019 00:28:33 GMT

Yes, you will enter the computer as an asset and the warranty as a separate expense (Use the Miscellaneous category so you can provide description)

Hello Mary - Thank you ;) I cannot find a way to add my n...

elisa — Tue, 04 Jun 2019 00:28:34 GMT

Hello Mary - Thank you 😉
I cannot find a way to add my new asset in " Assets used in your business and CCA calculation"
- it lists a bunch of existing entries from earlier tax years
Can you help with this item too? I am using TurboTax Self Employed 2017
Thank you

Try clicking out of the business (from the menu on the to...

MaryK1 — Tue, 04 Jun 2019 00:28:36 GMT

Try clicking out of the business (from the menu on the top, click on Income & Expenses) and you should be on a summary screen- Edit the Business again and click through until you get to Expenses- let me know if this works!

Thank you - able to access this now :)

elisa — Tue, 04 Jun 2019 00:28:37 GMT

Thank you - able to access this now 🙂