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Channel: Answers to: Sold an item to a business and received a W-9
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Answer by Henry B. 1

How much depreciation were you allowed to claim on this asset while you were using it in your business venture?

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Answer by AdamJ

Admittedly I was very young and mostly naive. I wrote off many expenses associated with the item, but unfortunately no depreciation. (I was/and still am unfamiliar with taxes, and unfortunately I had a...

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Answer by Henry B. 1

So, having claimed none, how much depreciation would have been allowable for you to write off?

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