business safe harbor election

[nmrome]

How do I enter the cost of newly acquired assets (computer, furniture, etc.) amountng in total to less than $2000 if they benefit more than one Schedule C business and also personal non-business use?  Must it be allocated to each of the Schedule C businesses, or can it be entered just once and Turbo-Tax does the rest?

[Mike9241]

Turbotax will not allocate between schedule Cs so the easiest would be to split the business portion between the schedule Cs 50/50 or whatever you deem a fair allocation to be.  the personal portion does not get entered. 

[nmrome]

Answer was very helpful. Thanks.