Skip to main content
Level 1
April 19, 2023
Solved

Can computers and printers be added as an asset for depreciation if used to track investments? I do not have a home business.

  • April 19, 2023
  • 2 replies
  • 0 views
The equipment is used 35% for investment purposes.
Best answer by Mike9241

No. they would be an investment expenses that are not currently deductible for federal income tax purposes

2 replies

MarilynG
Level 15
April 19, 2023

No, Assets for Depreciation would need to be attached to a Business of some sort (Schedule C) or Rental Property (Schedule E).

 

An asset is property you acquire to help produce income for your business.

 

Here's more info on Depreciation of Business Assets.

 

@user27508 

 

 

 

 

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"
Mike9241
Level 15
Mike9241Level 15Answer
Level 15
April 19, 2023

No. they would be an investment expenses that are not currently deductible for federal income tax purposes

Mike9241