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New appliance for home baking business

If I purchased a new oven for use with a home baking business and is also used for personal baking, how much can I deduct from the purchase price?

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1 Reply
GiseleD
Expert Alumni

New appliance for home baking business

You will need to determine the percentage of business use for the oven. How many days out of the year did you use the oven for business? The percentage you calculate will then be multiplied by the price of the oven, including delivery and set-up charges (if any).

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