How do I enter equipment acquired in 2016 as an asset with no depreciation on the balance sheet in Turbo-Tax. This equipment won't be placed in service until 2017?
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You don't begin depreciation on an asset until the asset is placed into service of the business-----so just retain your purchase records and enter the asset in 2017.
You don't begin depreciation on an asset until the asset is placed into service of the business-----so just retain your purchase records and enter the asset in 2017.
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