turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

JH1961
Returning Member

I purchased equipment in December of 2024 didn't receive until Februaury2025

when do I claim on taxes
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply

I purchased equipment in December of 2024 didn't receive until Februaury2025

In almost all cases, business assets are listed for expensing or depreciation when they are placed in service (the day you start using it in the business), even if you paid in advance, or are paying over time. 

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question