how can I claim the bike and the accessories related to it like helmet locks and lights and fender?
You should claim the bike itself and any accessories (your lights, fenders, anything you "attach" to the bike itself) as a Capital Asset. To do so you are not claiming the cost of the bike as an "expense", rather you are "depreciating" it and only claiming a percentage as Capital Cost Allowance (CCA). A Bicycle would be entered as a Class 8 item.
Here's a little more information from TurboTax regarding CCA: https://bit.ly/2NUNalo
The other items you purchased such as your helmet and locks can be claimed as an "expense". You enter the full amount you paid for these items under "Supplies".
sevbatz101
Returning Member
knechtel
New Member
amyrentz28
New Member
kbthompson
New Member
HeidiC
New Member
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.