MarilynG1
Expert Alumni

Deductions & credits

If you bought an asset for business and claimed it as a Miscellaneous Deduction for $330 last year, you can't claim it again this year.

 

Maybe you claimed a 179 Expense Deduction or a Special Depreciation Allowance last year for $330, since you only have a 5% Business Use. 

 

Check your Form 4562, Depreciation Report from last year (landscape form).

 

Since we can't see your return in this forum, that's the only to know how you claimed it last year.

 

The entries you have for lines 45-48 are standard for depreciation, but if you have no amount in Line 11, you have no depreciation for this year.

 

Here's more info on Depreciation of Business Assets

 

 

 

 

 

 

 

 

 

 

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