On the section for assest, the question only asks you if you purchase equipment and date and the year. but it does not ask you if it the total amount spent yearly

[lmonge1988]

Date Purchased or acquired. the total amount i put was for the equipment bought the whole year not in one day.

[ColeenD3]

Amounts on any tax return are for the entire year. If you bought it on 2/1/20 and paid $1000 on that date for your asset, enter that amount.

[lmonge1988]

Thank you. It just confused me because it was asking to enter the amount for equipment and when I acquired it. But my thing was, I bought equipment the whole year.  And it only allows you to enter one date. I put the date I started the business but that is not accurate to say I bought $$$ that day. I wondering if that's ok 

[ColeenD3]

It doesn't matter if you put the charge on a credit card and pay it off over time or have some other arrangement where you have to pay it off, it still counts as a purchase on the day you "bought" it.