If close your business do you have to reclaim depreciation on your biz computer?

Question by Harry: If close your business do you have to reclaim depreciation on your biz computer?
My friend asks: If you had a sole proprietorship business for one year, during which time you purchased and used a computer strictly for business use, what happens the next year on your taxes if you close the business on Jan. 1st of the next tax year? Do you have to reclaim some of section 179 deduction (section 179 was used during the tax year of purchase) or is the computer just considered completely written off since the business failed and closed?
tro, are you sure that the computer wouldn’t be considered shifted to personal use once the business closed?

Best answer:

Answer by katherine
You will pay back a part of that 179 when you file the returns and the computer is switched to personal property or sold.

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