turbotax icon
turbotax icon
turbotax icon
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Not sure if I should depreciate a computer I bought in 2016 or just take the business expense. I am self-employed. computer cost aroun $700. Use primarily for business.

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
Carl
Level 15

Not sure if I should depreciate a computer I bought in 2016 or just take the business expense. I am self-employed. computer cost aroun $700. Use primarily for business.

Expense it and be done with it. Depreciating $700 over 7 years has zero impact on your tax liability. Even over 5 years, it "might" reduce your liability by a buck or two. Not worth the effort. Just expense it and call it good.

Not sure if I should depreciate a computer I bought in 2016 or just take the business expense. I am self-employed. computer cost aroun $700. Use primarily for business.

thanks, that's what I was leaning toward.
Manage cookies