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Deductions & credits
Yes, you can deduct the 80% of the laptop's cost as long as your "business expenses must be necessary, customary, and reasonable, according to the IRS". That means that you have to have a business use for your computer.
Follow the below instructions to enter your home office, vehicle mileage, supplies, and other common business expenses in TurboTax Online.
- Type Schedule C in the Search box.
- Select the Jump to link.
- Answer Yes to Did you have any self-employment income or expenses? and answer the questions until you get the Select any expense categories you have screen.
- Select your expenses, then Continue.
- If you've already worked in this section, select Edit or Review next to your business.
- Then select Start or Edit next to an expense type that you had.
- Enter your expense description and amount, and answer any other questions we ask.
- If you had more than one expense for a type, select Add another row to include them all.
- If you have additional expenses of other types, select Add expenses for this work and repeat steps 4 through 6 to add more.
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‎February 9, 2024
9:16 AM