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Level 2
March 26, 2025
Solved

Special Depreciation Allowance for computer

  • March 26, 2025
  • 1 reply
  • 6 views

I have never depreciated the computer I bought in 2000 before. I just added it, and TurboTax is asking for the Special Depreciation Allowance.  How do I fill this out?

    Best answer by MaryK4

    A computer you purchased in 2000 is not eligible for special depreciation.  The original use of the property must begin with you after August 31, 2008.
     

    You can take a special depreciation allowance to recover part of the cost of qualified property (defined next) placed in service during the tax year. The allowance applies only for the first year you place the property in service. 

     

    1 reply

    MaryK4
    MaryK4Answer
    Level 15
    March 26, 2025

    A computer you purchased in 2000 is not eligible for special depreciation.  The original use of the property must begin with you after August 31, 2008.
     

    You can take a special depreciation allowance to recover part of the cost of qualified property (defined next) placed in service during the tax year. The allowance applies only for the first year you place the property in service. 

     

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    jgrAuthor
    Level 2
    March 27, 2025

    Thank you!