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Deductions & credits
Thank you, I'm still confused on how to deduct the asset. When entering the asset I'm given options on how to expense/depreciate. Say the phone cost $800 and I used it 50% for business & 50% personal. Which option should I take? The options given are spread the deduction over several years, deduct the full value this year, take a partial section 179 this year, take a partial section 179 deduction this year & the 100% special depreciation allowance, or the 100% special depreciation allowance. Thank you...
March 8, 2020
2:29 PM