I bought new inflatable rental equipment this year, both a new generator and a new set of body zorb balls.
Where do I put this expense? Do I carry it across multiple years in repairs/maintenance? Do I just throw them in "other" all this year?
Thanks!
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You can depreciate them over time by listing them as assets. If less than $2,500 you can write them off as supplies.
But where in the turbo-tax software is there "assets"? I'm not seeing that.
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