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Old 12-24-2016, 02:47 AM
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Combining 3 Items into 1 for Section 179 deduction?

I purchased a new desktop computer, monitor and an additional internal hard drive for my small business; all three items were purchased from different retailers. I was planning to take a Section 179 deduction, but rather than listing my $230 monitor and $150 internal hard drive separately, can I just add their cost to the computer and then take one Section 179 deduction for "Computer System with Monitor" or do all three items have to be listed/deducted separately?



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Old 12-24-2016, 03:14 PM
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Quote:
Originally Posted by NocturneX9 View Post
I purchased a new desktop computer, monitor and an additional internal hard drive for my small business; all three items were purchased from different retailers. I was planning to take a Section 179 deduction, but rather than listing my $230 monitor and $150 internal hard drive separately, can I just add their cost to the computer and then take one Section 179 deduction for "Computer System with Monitor" or do all three items have to be listed/deducted separately?
separately ; you need to itemize each of them, items, on your asset entry wroksheet.



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