Question

I use my personal computer and computer equipment for business. Is there a depreciation schedule for computers and computer equipment?

Answer

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 Topics

Related Resources

Student Dependent Requirements

Can you claim your child as a dependent if they are a full time student? Learn about dependent requirements and get tax answers from H&R Block.

Is The Energy Tax Credit Refundable?

Will you get a refund for an energy tax credit? Learn more about refundable tax credits from the tax experts at H&R Block.

Online Tax Return – Filing Your Tax Return Online

Interested in filing your tax return online? Start here for online tax return tips and what you need to know about filing taxes online from H&R Block.

Where’s my refund – South Carolina?

Looking for more information about your South Carolina refund? Find out details on how to check your refund status, who to contact, and more from H&R Block.