Yes, you can deduct ONLY the business portion or percentage of
using the laptop.
If you use the computer in your business
more than 50% of the time, you can deduct
the entire cost under a provision of the tax law called Section
179.
For example, if you use your computer 60% of the time for
business and 40% of the time for personal use , you can deduct only 60% of the
cost. If your computer cost $1,000 you could only deduct $600.
If you use an item for business less than half the time, it won't qualify for Section 179 and you will have to
deduct the cost a portion at a time over several years--a process called
depreciation.
For example, if you use your computer 40% of the time for
business and 60% of the time for personal use, you can only depreciate 40% of
the cost. If your computer cost $1,000 you could only depreciate $400.
Office equipment such as a computer is deducted over five years.
