@rachelray101 The 'Fair Market Value' is what your computer is worth now, since you bought it a few years ago (what you could sell it for).
You will need to determine the % you can deduct. If you use your computer for an average of 80 hours a week, and 40 of those hours were for business, you can claim 50%, for example. You could keep a log or calendar to determine this.
If you are a W-2 Employee, you can't deduct your computer; only if you are Self-Employed and report Income/Expenses on a Schedule C.
If this applies to you, click this link for more info Business Tax Deductions.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
