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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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‎April 1, 2018
4:08 PM