Purchased asset while independent contractor and then used in as an employee.

[Carlamirella]

I bought a computer in January 2021 for 6,000 dollars in order to use with a client , I was an independent contractor and received a 1099 NEC . 4 months later I was hired by the  same company and kept using my computer. How to I take  depreciation?

[ColeenD3 · Accepted solution]

You don't. You can't take depreciation for an asset that was placed into service and taken out of service in the same year. This is a personal asset that is not deductible as an employee and you did not have the business long enough to depreciate it as a business.

[Carlamirella]

Thank you for the information !