Solved
What should I enter for the special depreciation allowance for an iPhone listed as a business asset?
No text available
You can claim up to 80% of the cost of a business asset under Special Depreciation.
Or you can take the Safe Harbor Election and report the entire amount as a business expense. For this option, look for the question at the beginning of the Assets/Depreciation section, "Do you want to go directly to your asset summary?" Click no to review/change your answers to the annual election questions.
Enter your E-mail address. We'll send you an e-mail with instructions to reset your password.
©1997-2022 Intuit, Inc. All rights reserved.
Intuit,
QuickBooks, QB, TurboTax, ProConnect, and Mint are registered
trademarks
of Intuit Inc. Terms and conditions, features, support, pricing,
and service options
subject to change without notice.
Security
Certification of the TurboTax Online application has been
performed by
C-Level Security.
By accessing and using this page you
agree to the
Terms of Use.
Accessibility
