I know you can now deduct a computer or iPad below $2500 but I have a few basic questions.
Firstly, I know the computer or iPad has to be used in service of the business the majority of the time. I run a small sole proprietorship side business where I teach people how to use Mac equipment -- computers and iPads. This almost seems like a loophole. Of course I might do some directly business related work but everything I do on the devices, in theory, educates me and I pass that along to customers. Right now I teach people how to use iPad but I don't even own one so it makes sense to buy one to learn more through usage. Is this logic appropriate and ethical when it comes to taxes?
Secondly, an even more basic question: do these types of deductions only deduct against my business tax liability or do they turn into a credit if they exceed my liability.
Thank you for the feedback!
