Deductions & credits

@NCperson 

@futurestrader39 

This of course implicates both the “ordinary and necessary“ and the “but for“ rules that I discussed above.  Although, even purely white-collar work could involve significant computer hardware and/or significant intellectual property, the theft of which could create a significant loss for the business even if it wasn’t monetizeable by the thief.

 

For example, if someone worked at home doing medical billing coding, and their computer was stolen, in addition to the monetary loss of the computer, the person might be subject to significant fines and compliance costs over the loss of patient’s personal information.

 

I certainly agree that the overall issue is first, is this an ordinary and necessary expense for this type of business, and second, is there an additional cost due to the business that is over and above what would be considered a personal expense.