Depreciation - Home Computers Used For Investments
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While it is possible to take a deduction for depreciation on home computers used for investments, there is no way to modify this field within Federal Q&A.

You will need to manually calculate the depreciation and enter the amount as Other Expenses.
  1. From within your TaxACT return (Online or Desktop) click on the Federal Q&A tab
  2. Click Itemized or Standard Deductions to expand the category, then click Other expenses related to taxable income - Subject to 2% of AGI limit
  3. Click Continue two times
  4. Enter "Depreciation Computer" in the description box titled Other, and the calculated amount in the amount box

On the other hand, you can create a "dummy" Schedule C in the TaxACT program to calculate the depreciation amount, then delete that Schedule C.

  1. Click on the Federal Q&A tab
  2. Click Business Income to expand the category and then click Business income or loss from a sole proprietorship
  3. Click Add to create a new Schedule C
  4. Click Continue or No until you reach the screen Business Income - Depreciation, then click Yes
  5. The program will proceed with the interview questions for you to enter or review the appropriate information
  6. The screen titled Depreciation - Summary will show you the amount of depreciation to enter in the navigation steps above
  7. To delete the Schedule C:
    1. Click on the Federal Q&A tab
    2. Click Business Income to expand the category and then click Business income or loss from a sole proprietorship
    3. Check the box to the right of the "dummy" Schedule C previously entered, then click Delete