I did not depreciate an asset last year, so how do I calculate the special depreciation allowance and the Asset Entry Worksheet?

I do not have a Sec 179 from a previous year. I have the purchase price and date purchased and used.

861

Expert Alumni

Apr 8, 2025 9:52:14 AM

You'll need to amend your 2023 return to add the asset and depreciate it or elect to take a 179 deduction if eligible.