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Level 1
November 16, 2022
Question

Business Deduction

  • November 16, 2022
  • 1 reply
  • 6 views

I have purchased new office equipment and furniture for my home office that is about $8500-$9000.  Will TurboTax allow this to be fully amortized at the first year vs multiple years so I can get the biggest write-off this year?

    1 reply

    Level 5
    November 16, 2022

    Yes. Certainly. You will utilize the Section 179 deduction for this. This will allow you to fully depreciate this purchase in one year.

    I hope this is helpful to you.

    Kelly C

    CPA

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