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Message
Tax Deduction - New Laptop
Posted on 10/10/13 at 11:33 am
Posted on 10/10/13 at 11:33 am
Does anyone have experience taking the price of a new laptop as a tax deduction? More specifically a laptop that is used 50% of the time for work and 50% of the time for personal. I will be purchasing a new one before the end of the year at around $1200.
I understand that if I was running a small business and purchased a laptop that was exclusively for work purposes then a deduction of the full purchase price would make sense. I am less sure of how the IRS views the split of use between work and personal.
P.S.
I am not a small business owner. I work for someone else, but a computer is essential to complete many of my work related responsibilities. The computer or money to buy a computer is not provided by my employer.
I understand that if I was running a small business and purchased a laptop that was exclusively for work purposes then a deduction of the full purchase price would make sense. I am less sure of how the IRS views the split of use between work and personal.
P.S.
I am not a small business owner. I work for someone else, but a computer is essential to complete many of my work related responsibilities. The computer or money to buy a computer is not provided by my employer.
2
Posted on 10/10/13 at 4:53 pm to fasdit
I believe you can take a 50% deduction if you can justify your use of 50% for work if you are ever asked or audited.
Posted on 10/10/13 at 6:35 pm to JumpingTheShark
How would they prove you don't use it 100% for work? Or any percentage for that matter.
Posted on 10/10/13 at 10:39 pm to fasdit
Unreimbursed employee business expenses are deductible. However, only those amounts in excess of 2% of your Adjusted Gross Income are includable as an itemized deduction.
Posted on 10/10/13 at 10:59 pm to BassHorn
That's a decent question...I think taxing tiger nailed it and I doubt you would have to prove you use it 50% for work...probably could deduct the whole thing if one meets the greater than 2% requirement he mentioned
Posted on 10/15/13 at 10:12 am to Taxing Tiger
quote:
Taxing Tiger
Unreimbursed employee business expenses are deductible. However, only those amounts in excess of 2% of your Adjusted Gross Income are includable as an itemized deduction.
Wonderful! My income is low enough that this purchase will meet that requirement even if I only use 50% of the purchase price.
Another question: Is the sales tax charged on a purchase included when listing it as a deduction? IE: The $1200 computer will actually cost $1248 @4% sales tax.
This post was edited on 10/15/13 at 10:13 am
Posted on 10/15/13 at 10:39 am to fasdit
quote:
Another question: Is the sales tax charged on a purchase included when listing it as a deduction? IE: The $1200 computer will actually cost $1248 @4% sales tax.
Yes, you include the sales tax, as well as any shipping costs, if applicable.
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