Per Diem Rates from the U.S. General Services Administration
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Rates are set by fiscal year, effective October 1 each year. Find current rates in the continental United States ("CONUS Rates").
Depreciating Business and Investment Use Property
The use of property to produce income in a nonbusiness activity (investment use) is not a qualified business use. However, you can treat the investment use as business use to figure the depreciation deduction for the property in a given year.
Example 1.
Joan uses her computer 50% of the time to manage her investments. She also uses it 40% of the time in her part-time business. Joan's computer is listed property because it is not used at a regular business establishment, nor does she use it more than 50% for her business.
Joan may not take a section 179 deduction (also called first-year expensing) or claim a special depreciation allowance (also called bonus depreciation) for the computer. She must depreciate it using the ADS (alternative depreciation system) straight line method over the ADS recovery period.
Her combined business and investment use for determining her depreciation deduction is 90%.
Example 2.
If Joan uses her computer 30% of the time to manage her investments and 60% of the time for her business, she would meet the more-than-50% business-use test for qualified business use and would be eligible to claim first-year expensing, bonus depreciation and accelerated MACRS.
Her combined business and investment use for determining her depreciation deduction is 90%.