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Level 1
January 25, 2023
Question

Should i claim thr computer i purchased? The computer for personal work related use. Will it effect me negatively or financially

  • January 25, 2023
  • 1 reply
  • 5 views
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1 reply

JohnB5677
Level 15
January 25, 2023

The first question is "Do you have a business?". 

  • If this computer is for personal use, it is not an authorized expense or deduction.
  • Do you have a business? 
    • it would probably be reported on your tax return on a Schedule C. 
    • In this case you may be able to claim the computer as a business asset, and it could be coded as a business asset.  
    • Was this computer purchased primarily for personal use, or is it mostly used for the business?
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