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Depreciations with a NOL
I am wondering which method of depreciation is the most beneficial if I have an NOL. Ex. I purchased a computer in 2019 and used it 100% for business. But, I closed the business in January 2020 (so I don't want to use a 179 and then have to recapture if I understand correctly). But, since I could benefit from the depreciation deduction in 2020 more, what do I do in 2019? Does it look like I can depreciate over the years or chose the 100% special depreciation allowance?!? I am assuming I should choose to depreciate over the years, but what happens if I stop using the item the next year?
March 30, 2021
11:13 AM