Kea Posted January 21, 2011 Report Posted January 21, 2011 I bought a Vista laptop on 7/1/07 and replaced it with a Windows 7 laptop in December 2009. By 1/15/10 I had moved everything over to the new computer and moved it into personal use. (It's a 17" and good for movies -- after a complete re-format.) Anyway, my original intention was to use it 100% for business for the foreseeable future and took the Section 179 deduction for the full $828. So now I need to recapture the depreciation. How do I do this in TaxWorks since they do not have a "moved to personal use" option? Do I show a "sale" on 1/15/10 or just show personal use dropping to 4%? I can do manual entries on Form 4797 Part IV, but just trying to figure out how the software wants me to handle this. (Granted I've only done this a couple of times in ATX, so I'm not really an expert on Sect. 179 recapture anyway! But that's why I use QuickFinders and / or Tax Book.) Thanks! Quote
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