I use my personal computer and computer equipment for business. Is there a depreciation schedule for computers and computer equipment?
Computers and computer equipment are considered listed property. If you used the computer for more than 50% business use, you can either:
- Use the modified accelerated cost recovery system (MACRS) method of depreciation to calculate the depreciation schedule for computers and computer equipment using a five-year class life.
- For the depreciation schedule for computers and computer equipment depreciation, you may claim a deduction under Section 179.
If the business use of the computer or equipment is 50% or less, you can’t take a Section 179 deduction or MACRS. Use the alternate depreciation system instead. This is the straight-line method. It has a five-year class life.
You must document the use of any listed property that you use for more than one purpose in the year.
Related Resources
Learn more about itemizing deductions when married and filing separately with advice from the tax experts at H&R Block.
If you haven't received a W-2, can you estimate your earnings instead? Learn more from the tax experts at H&R Block.
Is private preschool tuition tax deductible? Learn more from the tax experts at H&R Block.
What are the tax implications if your home goes up for foreclosure? Learn more from the tax experts at H&R Block.
