How do I enter equipment acquired in 2016 as an asset with no depreciation on the balance sheet in Turbo-Tax. This equipment won't be placed in service until 2017?
How do I enter equipment acquired in 2016 as an asset with no depreciation on the balance sheet in Turbo-Tax. This equipment won't be placed in service until 2017?
03628
1 Best answer
Cattlerancher
New Member
Jun 5, 2019 5:22:58 PM
You don't begin depreciation on an asset until the asset is placed into service of the business-----so just retain your purchase records and enter the asset in 2017.
3 Replies
Cattlerancher
New Member
Jun 5, 2019 5:22:58 PM
You don't begin depreciation on an asset until the asset is placed into service of the business-----so just retain your purchase records and enter the asset in 2017.