DS30
New Member

Deductions & credits

Yes, you can claim a depreciation expense for your business in 2016 related to this 2015 equipment purchased. You will enter this equipment as a new asset when entering your 2016 business income and expenses. When it asks for the date you started to use this new piece of equipment, you will use the date that you started the business as the date to start taking depreciation expense for this asset.

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