JenniM
Level 1
08-03-2021
07:30 AM
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Level 11
08-03-2021
08:46 AM
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Unless they’re rental properties, I don’t think you’ll be able to. For tax purposes, it won’t change anything. You’ll likely have to track them separately manually or on QB or other bookkeeping software.
Edit #1…..as a workaround, when you enter each asset label them ‘activity #1 furniture’ activity #2, tools, etc. you should be able to get depreciation reports segregating and identifying the two activities.
Edit #2… as another work around… when entering revenue and expenses, double click on the line to open up a worksheet to make a schedule for each line as appropriate.
If at first you don’t succeed…..find a workaround