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Level 1
June 4, 2019
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Can I depreciate computers & business furniture that were claimed as business expenses last year?

  • June 4, 2019
  • 1 reply
  • 8 views
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Best answer by kll

No, not if you took the full amount as an expense last year.  You can only deduct an item once.  However, if you depreciated the items last year, you may have remaining depreciation deductions that carry over.

1 reply

kllAnswer
Level 10
June 4, 2019

No, not if you took the full amount as an expense last year.  You can only deduct an item once.  However, if you depreciated the items last year, you may have remaining depreciation deductions that carry over.