I purchased a desk for business use at home for $2600 in Mar 2017. I want to use the ADS straight-line method using the half-year convention. What would be my depreciation deduction?
Hi Don, great question! You will need to refer to the IRS depreciation tax tables for 2017 to calculate your depreciation. I have included the link to Publication 463 for 2017 here: https://www.irs.gov/forms-pubs/clarification-to-2017-publication-463-for-special-depreciation-allowance.
Crystalynn Shelton, CPA
315 Madison Avenue, 24th Floor
New York, NY 10017
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