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Help! Can I Write Off My Computer as a Tax Deduction?

In summary, you may be able to deduct the cost of your computer as a business expense on your taxes if it meets certain criteria. These criteria include being used for business purposes, considered a necessary and ordinary expense for your specific line of work, and being used exclusively for business purposes. The amount you can deduct depends on the cost and estimated useful life of the computer, and if it is used for both personal and business purposes, you can only deduct the portion used for business. To claim a computer as a tax deduction, you will need to keep detailed records and provide supporting documents.
pchefinski
664
I didn't quite make the $600 this past year to get a 1099. Can I still write off my computer as a business expense, or not? I'm doing my taxes as we speak, so i need an answer quick - can someone help me out? THANKS! :D
 
You definately can! Just because you didn't receive a 1099 doesn't mean you wouldn't claim the income. Just figure out your own commissions from statements online and then writeoff all of your expenses.
 
Yes, you can still write off your computer as a business expense even if you did not make $600 and did not receive a 1099. As long as the computer was used for business purposes, it can be deducted as a business expense on your taxes. However, it is important to keep detailed records and receipts to support the deduction in case of an audit.
 

1. Can I write off my computer as a tax deduction?

Yes, you may be able to deduct the cost of your computer as a business expense on your taxes. However, there are certain criteria that must be met in order for it to be eligible for a tax deduction.

2. What criteria must be met for my computer to be eligible for a tax deduction?

First, the computer must be used for business purposes, such as for work or to run a business. Second, it must be considered a necessary and ordinary expense for your specific line of work. Third, the computer must be used exclusively for business purposes, meaning it cannot be used for personal use at all.

3. Can I deduct the entire cost of my computer or only a portion?

The amount you can deduct depends on the cost of the computer and its estimated useful life. If the computer is considered a capital asset, you may need to depreciate the cost over several years. However, if it is considered a supply or equipment, you may be able to deduct the full cost in the year it was purchased.

4. Can I still write off my computer if I use it for both personal and business purposes?

If you use your computer for both personal and business purposes, you can only deduct the portion that is used for business purposes. This means you will need to calculate the percentage of time the computer is used for business and only deduct that portion of the cost.

5. What documentation do I need to provide to claim a computer as a tax deduction?

In order to claim a computer as a tax deduction, you will need to keep detailed records of the purchase, including the date, cost, and how it was used for business purposes. You may also need to provide receipts or other supporting documents to prove the validity of the deduction.

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