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asmar
New Member

I purchased equipment for bussiness. I put down payment down in 2017 but didnt close untill 2018. which year to i enter the purchase?

 
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Coleen3
Intuit Alumni

I purchased equipment for bussiness. I put down payment down in 2017 but didnt close untill 2018. which year to i enter the purchase?

2018. The purchase is complete when the payment is complete. The exception to this is a credit card purchase. It is considered paid for when charged to the card, not when you pay off the card.

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Coleen3
Intuit Alumni

I purchased equipment for bussiness. I put down payment down in 2017 but didnt close untill 2018. which year to i enter the purchase?

2018. The purchase is complete when the payment is complete. The exception to this is a credit card purchase. It is considered paid for when charged to the card, not when you pay off the card.

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