topic Where does software expense for a small business with cost of less than $200 go in TurboTax? I chose the "expense it" option when I started entering it as an asset. in Business & farm

Where does software expense for a small business with cost of less than $200 go in TurboTax? I chose the "expense it" option when I started entering it as an asset.

sjs — Thu, 06 Jun 2019 05:35:04 GMT

Rather than doing the Section 179, I chose to expense a software purchase (as guided by TurboTax when I started to enter it as an depreciable asset), but I cannot figure which expense category it should be included with.

Software may be included in Office Expenses or added at t...

PatriciaV — Thu, 06 Jun 2019 05:35:06 GMT

Software may be included in Office Expenses or added at the end of the expense section as "other expenses" with a custom description.

In general, purchases under $500 are included as expenses rather than assets for depreciation.