MNSE_gal
New Member

Deductions & credits

I didn't see any mentioning of where in Turbotax you indicate the type of deprecation system to use for the purchase and 1st year use of a laptop and where in Turbotax do you indicate it.  I believe it's best to use MACRS - GDS with 5 yr recovery, Half-Year, 200%DB method.  But where do I find this?

Would this be true for a home printer (ie. Epson ) as well as the cost of a cell phone to treat the  cost as deprecation?  The cost of the cell phone is different from the monthly data plan.