You must meet specific criteria to be eligible to deduct certain assets. We'll help you know whether or not you can deduct something. Following is a list of assets you may be able to deduct:
- Computer equipment
- Cell phones
- Photographic, communication, and video recording equipment
- Copiers
- Appliances, carpets and furniture used in a rental real estate activity
- Office furniture and equipment
- Machinery, equipment and tools
- Construction equipment
- Farm equipment
- Residential rental property
- Nonresidential/commercial real property
- Land improvements