Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Close icon
Do you have a TurboTax Online account?

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

cancel
Showing results for 
Search instead for 
Did you mean: 

How do I claim a lap top as an expense for self employment

 
1 Best answer

Accepted Solutions

How do I claim a lap top as an expense for self employment

In the Self-Employed sku, enter the laptop information by going to:

Assets used in business > click on blue button "Enter additions/dispositions"

Laptops would be in Class 10 and if the laptop was purchased after November 20, 2018, select if you want to claim the accelerated investment incentive. This basically allows you to claim a higher depreciation/expense in the first year. 

For more asset classes: https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/sole-proprietorships-partners...

View solution in original post

1 Reply

How do I claim a lap top as an expense for self employment

In the Self-Employed sku, enter the laptop information by going to:

Assets used in business > click on blue button "Enter additions/dispositions"

Laptops would be in Class 10 and if the laptop was purchased after November 20, 2018, select if you want to claim the accelerated investment incentive. This basically allows you to claim a higher depreciation/expense in the first year. 

For more asset classes: https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/sole-proprietorships-partners...