Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Returning Member
posted Jan 31, 2024 11:51:25 AM

I am self employed using deluxe. where can I place cost of a laptop using section 179 ? The expense form only allows for equipment rental not purchase

0 3 1860
1 Best answer
Expert Alumni
Jan 31, 2024 12:18:57 PM

You can put it in office expense - you don't have to claim a home office deduction to claim office expenses.   

3 Replies
Expert Alumni
Jan 31, 2024 11:54:57 AM

When you enter the asset and the cost of the asset the system will offer you the option to have accelerated depreciation if you are qualified to take it.  

 

However, a lot of laptops are considered semi-disposable equipment these days with a shorter shelf life than the 5 years for computer equipment.  If your laptop is less than $2500 you may just want to expense it.

 

@RICHARD1001 

Returning Member
Jan 31, 2024 12:06:58 PM

sounds good. Thank You - but in looking at the "profit or loss Schedule C form, which catagory in Part II would I use to include the laptop cost. I don't think I can use #18 "Office Expense" since I don't have a home office as it' defined

 

Expert Alumni
Jan 31, 2024 12:18:57 PM

You can put it in office expense - you don't have to claim a home office deduction to claim office expenses.