Regarding the new computer purchased in 2021. Which option should I choose:
- I'll deduct the full value of the item this year. (Take the Section 179 deduction)
- I'll take the 100% special depreciation allowance.
The only difference I noticed is the Section 179 deduction takes 1 year to fully depreciate and the special depreciation allowance takes 5 years.
If 1 year means after a year the usage percentage can change or I can sell it without a recapture, then I prefer the 1 year option. I don't want to be locked in for 5 years.
