I bought furniture last year and forgot to take the deduction. It wasn't a large amount so I'd rather not file an amendment. I expect I can't take the section 179 deduction now. What would my options be?
I think I can still depreciate this year. If so, then would I lose last year's depreciation and start depreciating at year 2? I read furniture can be depreciated for 5 years, so that's what I'll choose.
Thanks for any advice/confirmation.
