Is a laptop expense a startup cost or office supply?

[ericplasencio]

I did consultant work September and October 2016. I had to purchase a laptop for this. Don't know where to claim the expense? Is a laptop expense a startup cost or office supply?

[NicoleU · Accepted solution]

You will need to enter your laptop, under Business Assets. There is where you would enter the purchase information for your laptop.

In TurboTax, please do the following:

• Business
• Business Income and Expenses
• You will prompted to answer general questions related to your business.
• Your Business page
• Business Assets, then Click Start.

[ericplasencio]

Thank you. Much appreciated

[NicoleU]

Your welcome! anytime!

[eldridge5040]

THIS IS NOT CORRECT. NO WHERE DOES IT SHOW UP TO ENTER THE INFORMATION.

[NicoleU]

• Click Business, then Continue
• How do you want to enter your business income?, then I'll choose what I work on
• Business Income and Expenses, click Start/Update
• Did you have any income and expenses for a business in 2016?, click Yes
• First, let's confirm your business name and address, click Continue
• Enter Business Information, click Continue
• Tell us about your business, click Continue
• Enter Employer ID Number, If Any, click Continue
• Do you use the cash method of accounting to run your business?, click Continue
• Did you make any payments that required you to issue a form 1099?, click Continue
• Do any of these uncommon situations apply to your business?, click Continue
• Let's confirm your business info, click Continue
• Your Business page

Then Business Assets, click Start
Any Large Purchases (Depreciable Assets)?,click Yes
Did you buy any items for any business, rental property and/or farm that cost $2,500 or less in 2016?, click No
Describe This Asset, choose Computer, Video, Photo and Telephone Equipment, click Continue