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April 8, 2025
Question

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

  • April 8, 2025
  • 1 reply
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I do not have a Sec 179 from a previous year. I have the purchase price and date purchased and used.

    1 reply

    April 8, 2025

    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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