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June 3, 2019
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Personal training expense question

  • June 3, 2019
  • 1 reply
  • 6 views
My wife is a personal trainer and purchased a new bike that she uses. Is this deductible and where do I list it as an expense?
Best answer by PaulaM

If she uses the bike in the business directly, then it would be a tool or asset. 

Enter in the Asset section for her business. Depending on its costs, the bike might be fully expensed instead of depreciated.

1 reply

PaulaMAlumni - ExpertAnswer
Alumni - Expert
June 3, 2019

If she uses the bike in the business directly, then it would be a tool or asset. 

Enter in the Asset section for her business. Depending on its costs, the bike might be fully expensed instead of depreciated.

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