In December I purchased a new computer for my online business, and it's used exclusively for my business and it's in my Home Office, where the only things done in the office is for my business.
Where specifically do I place this purchase of the computer ($1300) on my return for a deduction (Home & Business TurboTax)?
Thanks,
Dale
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Any clue?
Since the computer was purchased for use in your business, it should be entered as an Asset under your Schedule C Business Income and Expenses. When you go through the section to enter the information about your computer purchase, you will be given options about either depreciating the computer over time or claiming the cost using another method.
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