This answer has been verified for accuracy by an Intuit expert employee
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
Yes, you can claim office equipment as Depreciable Assets in your business. Office equipment can be depreciated over 7 years. The Tax Cuts and Jobs Act of 2017 allows Special Depreciation of 100% of the cost of new equipment put in service in 2020. TurboTax will allow you to choose how to depreciate your office equipment.
ā€ˇFebruary 1, 2021
11:20 AM