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I bought a computer to help me manage rental property and for personal use. How can i claim this expense?

 
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Accepted Solutions
BrandonS
New Member

I bought a computer to help me manage rental property and for personal use. How can i claim this expense?

Hello,

It is unlikely that you will be able to claim this expense:

To deduct workplace expenses, your total itemized deductions must exceed the standard deduction. You must also meet what’s called "the 2% floor." That is, the total of the expenses you deduct must be greater than 2% of your adjusted gross income, and you can deduct only the expenses over that amount.

From: https://turbotax.intuit.com/tax-tools/tax-tips/Tax-Deductions-and-Credits/Employees-Can-Deduct-Workp...

However, you can review this answer to see if you can claim the computer and other expenses on your taxes: https://turbotax.intuit.com/tax-tools/tax-tips/Small-Business-Taxes/Taking-Business-Tax-Deductions/I...

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2 Replies
BrandonS
New Member

I bought a computer to help me manage rental property and for personal use. How can i claim this expense?

Hello,

It is unlikely that you will be able to claim this expense:

To deduct workplace expenses, your total itemized deductions must exceed the standard deduction. You must also meet what’s called "the 2% floor." That is, the total of the expenses you deduct must be greater than 2% of your adjusted gross income, and you can deduct only the expenses over that amount.

From: https://turbotax.intuit.com/tax-tools/tax-tips/Tax-Deductions-and-Credits/Employees-Can-Deduct-Workp...

However, you can review this answer to see if you can claim the computer and other expenses on your taxes: https://turbotax.intuit.com/tax-tools/tax-tips/Small-Business-Taxes/Taking-Business-Tax-Deductions/I...

Carl
Level 15

I bought a computer to help me manage rental property and for personal use. How can i claim this expense?

Are you a real estate professional?

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