Whether you’re an experienced do-it-yourselfer or doing your own taxes for the first time, this is your place to learn and share. Here you’ll find information and resources for using H&R Block’s online and software DIY solutions. You’ll also find links to more information to assist you on your DIY journey.
03-04-2018 10:11 AM
I am using HR Block software to do my Business Income. In the screen for "General Business Expenses", there are multiple categories:
Yet I cant find the category "Depreciation" in the list, as you can see above. What am I doing wrong? (In previous years, I had no problem entering this data, this year just cant find where)
Any help would be appreciated.
Thanks in advance,
03-12-2018 09:55 AM
It sounds like you are using the online software to complete your return. You will find the depreciable property questions in the next section of your business income. Go back to your Schedule C business and edit it. You should be on the “Business Snapshot” page. Click the menu item called “Additional Expenses” and you should see a few topics populate in that box. For most of your depreciable assets, you’ll use the “Depreciable property” topic to enter these assets. If you want to depreciate a vehicle, use the “Car or truck used for business” topic.
Tax Research Specialist