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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.
‎April 13, 2023
12:29 AM