text: Possibly yes, there are two scenarios:\n\n1) depreciation deductions are based on when the property is 'placed in service' i.e. in use in the income-producing activity. If the property isn't being used in the business until 2007, then you would start depreciating at that point.\n\n2) even if it was 'placed in service' in 2006, you would still be getting depreciation deductions in 2007