Purchased a computer and a separate Extended 3 yr Warranty. I have 2 items to claim here. Is the Computer a CCA Asset (50) and the Warranty an Expense in year purchased?
044847
4 Replies
MaryK1
Level 9
Jun 3, 2019 5:28:33 PM
Yes, you will enter the computer as an asset and the warranty as a separate expense (Use the Miscellaneous category so you can provide description)
elisa
New Member
Jun 3, 2019 5:28:34 PM
Hello Mary - Thank you 😉 I cannot find a way to add my new asset in " Assets used in your business and CCA calculation" - it lists a bunch of existing entries from earlier tax years Can you help with this item too? I am using TurboTax Self Employed 2017 Thank you
MaryK1
Level 9
Jun 3, 2019 5:28:36 PM
Try clicking out of the business (from the menu on the top, click on Income & Expenses) and you should be on a summary screen- Edit the Business again and click through until you get to Expenses- let me know if this works!