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Deductions & credits
Can I deduct a computer as a business expense for some independent consulting work I am doing
Yes, provided the purchase is for use in a business that you personally own. If the total cost is less than $2,500 then you can just deduct it as an expense. Otherwise you have to depreciate it over either 3 or 5 years.
If the computer is "NOT" for 100% business use only, then that changes things.
‎December 15, 2019
5:53 PM