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Deductions & credits
This is very insightful and I appreciate the detailed reply. I did not start active and ongoing business activities until 2024. So in my case, I can simply deduct the full 800 dollars (assuming 80 percent use) of the laptop on my 2024 tax return? So there's no extra steps and this expense wont belong in a different category of deductions for the 2024 tax return since it was technically bought last year?
‎January 18, 2024
4:13 PM