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Can I Deduct Computer Cost If Only Starting Using it a Lot for Business in Year 2 of Business?
I purchased a computer in early 2021 that is for personal use and use for my business (a sole proprietorship). My business didn't begin until November 2021, so a very small percentage of the computer's use was for business in 2021. Can I claim any of the computer's cost as a business expense for 2021, or for future years (when I expect to use it 60% for business)? Or am I just completely out of luck because I didn't use it enough for business in the year I purchased it?
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‎February 13, 2022
11:26 AM