You could dump the results of sp_columns to a temp table, and then add on the ColumnProperty function to the results of that...
create table #results(
TABLE_QUALIFIER sysname,
TABLE_OWNER sysname,
TABLE_NAME sysname,
COLUMN_NAME sysname,
DATA_TYPE smallint,
TYPE_NAME sysname,
PRECISION int,
LENGTH int,
SCALE smallint,
RADIX smallint,
NULLABLE smallint,
REMARKS varchar(254),
COLUMN_DEF nvarchar(4000),
SQL_DATA_TYPE smallint,
SQL_DATETIME_SUB smallint,
CHAR_OCTET_LENGTH int,
ORDINAL_POSITION int,
IS_NULLABLE varchar(254),
SS_DATA_TYPE tinyint)
insert #results
exec sp_columns 'MyTable'
select IsComputed = ColumnProperty(object_id(table_owner + '.' + table_name), column_name, 'IsComputed'),
*
from #results