Sunday, August 2, 2009

How do I deduct a computer and laptop from taxes?

In 2007 I purchased a laptop and computer both for $900 each which are used for my Internet business...Can I deduct the total cost of $1,800? Or if I can't deduct $1,800...what is the amount I can deduct?

How do I deduct a computer and laptop from taxes?
are they both used soley for the business?





If yes, you may have to depreciate them (basically, claim the value as a deduction over a number of years).





If not, don't risk the audit by trying to claim them.


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