What should I enter for the special depreciation allowance for an iPhone listed as a business asset?

[PatriciaV · Accepted solution]

You can claim up to 80% of the cost of a business asset under Special Depreciation. 

Or you can take the Safe Harbor Election and report the entire amount as a business expense. For this option, look for the question at the beginning of the Assets/Depreciation section, "Do you want to go directly to your asset summary?" Click no to review/change your answers to the annual election questions.