I am looking at the page that says "Describe this asset" and do not see an appropriate category. I think there used to be a category for appliances. I have to depreciate the washer/dryer, refrigerator, and window blinds. The categories are 1) Computer and telephone 2) Tools and Furniture 3) Intangibles and other property (like mortgage points). Can I expense these items as well? I know you can for the blinds for under $2500.
Thank you for any guidance
Try the Tools and Furniture category to enter information about appliances being depreciated.
You can review the guidelines for deducting in full items less than $2500 and choose this option for the appliances if you qualify and want to do it that way instead of depreciating them over time.
See the following TurboTax help article to learn more:
What can I expense or depreciate with the business safe harbor election?
Try the Tools and Furniture category to enter information about appliances being depreciated.
You can review the guidelines for deducting in full items less than $2500 and choose this option for the appliances if you qualify and want to do it that way instead of depreciating them over time.
See the following TurboTax help article to learn more:
What can I expense or depreciate with the business safe harbor election?