PaulaM
Employee Tax Expert

Get your taxes done using TurboTax

To claim a deduction for the 2016 laptop used in business, you can amend the tax return for that year. A new laptop would qualify for a 179 deduction and/special depreciation allowance making it possible for you to recover the entire cost in that year (if you had a profit)

 

Or you can claim depreciation of 5 years or some combo of depreciation and the the 179/special depreciation allowance.

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