I purchased a computer to support my job related activities. If you meet the above tests, you generally must depreciate your computer using the straight-line method. If you meet this test, you can take a section 179 deduction for the item and claim accelerated depreciation. You may use either the standard mileage rate or the actual cost method in calculating your car or truck expenses. If you use the standard mileage rate, do not compute or deduct depreciation.
Depreciation is an expense that is used with the actual cost method.
You may use either the standard mileage rate or the actual cost method in calculating your car or truck expenses. I have a home office. For tax purposes, you will still be treated as if you had taken the allowable deduction, and your basis is reduced. If I have a rental property. You do not have to claim depreciation on your rental property on your tax return.