Thanks so much for the speedy reply (Dyanne)!
If I'm understanding correctly, I CAN expense $2400 of a $4800 laptop if I use it 50% for business?
Would you be able to point me to IRS literature that supports this? I imagine you can find this easier than I can, being a tax professional!
One part of your answer I am questioning is that everything I've read says there is no "recapture" with Safe Harbor property, since these items are now expenses rather than assets. Rather you must report any subsequent sale as regular income with a $0 basis. In addition, computers are no longer listed property, so even if it's converted fully to personal use in a later year, there is nothing to report until it's sold (then, as regular income)
Happy to be corrected on the latter point if I'm wrong!
