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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.
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1 Reply
MinhT1
Expert Alumni

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

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

 

 

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