Are you a blogger at home? Do you run a hair business at home? Whatever the case, you may be able to deduct the expense of a laptop computer for your personal business. Do not forget to deduct the expense of a laptop computer when filing your taxes. A laptop computer can offer a great opportunity for potential savings on your taxes. Bloggers are able to deduct the expense of a laptop, because a majority of their income comes from their creating blog posts through a laptop computer. A hair stylist may also deduct the expense of a laptop computer if she uses it so make hair appointments.
you meant you want to buy an eqipment in 2009 but want to deduct as 2010 expense Is that workable in tax laws How to go about doing it
Not likely.
it is alot more expense and most of the time unless its a laptop you can not carry it around with you
it is alot more expense and most of the time unless its a laptop you can not carry it around with you
PMI is not a deductible expense.
If you are filing a 1099, the best thing you can do is keep thorough track of all your business expenses. There are many cases in which a business owner or independent freelancer will be able to deduct certain business expenses from personal income. If you do not take the time to keep track of business expenses, then you may end up paying unnecessary funds toward these expenses in filing your taxes. A typical expense that business owners are able to deduct from income is a laptop computer. It is definitely worthwhile to figure out which expenses you can deduct from your income.
A laptop, also called a notebook, is a personal computer for mobile use. components to provide better performance for the same price at the expense of expensive components designed for minimal size and best power efficiency, and
A laptop IS a computer
If you are deducting business expenses it is same whether they are on credit or cash or check. Deduct them with written records of who, what, when, where and why, the same as any other business expense. There must be a valid business reason for the expense. If you charge it in 2008 and don't pay until 2009, it goes in 2008. - HR Block preparer
you may be able to deduct up to $250
If you file Schedule A (long form) you can deduct your health insurance premiums as a medical expense. If you pay this through your employer, most likely you have it paid from pre-tax income such as through a cafeteria plan, then you are not allowed to deduct the premiums.
It is called a laptop because a desktop is a computer that goes on a desk where as a laptop is a computer that goes on someones lap.