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Level 2
June 6, 2019
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I bought a laptop for work use last November. I used it 100% for work in 2017. Can I fully deduct it from my 2017 income, if I start using it for personal use in 2018?

  • June 6, 2019
  • 5 replies
  • 42 views
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Best answer by Opus 17

 No.   You can depreciate it for the year that you used it 100 percent for business.   If you take the section 179 depreciation and deduct the amount fully in the first year that you use the property for business, and then in a future year stop using the property for business, you have to repay the unaccumulated part of the depreciation.

5 replies

Opus 17Level 15Answer
Level 15
June 6, 2019

 No.   You can depreciate it for the year that you used it 100 percent for business.   If you take the section 179 depreciation and deduct the amount fully in the first year that you use the property for business, and then in a future year stop using the property for business, you have to repay the unaccumulated part of the depreciation.

Alumni - Champ
June 6, 2019
You bought it in Nov of 2016, or Nov of 2017? If 2016, you should have depreciated it then.