Yes, if you use the computer for your work exclusively, you will be able to include the cost of the computer as a job related expense.
If there was a decrease in the value of the computer from the time you bought it to the time is was used exclusively for work, you will need to determine the FMV (if lower than cost) when you started to use if for work and deduct that amount as a business expense.
You
would enter the computer FMV as an unreimbursed job-related
expense. These are deductible miscellaneous expenses that are subject to a 2%
AGI limitation and are only deductible if you itemize.
To
enter your job-related expenses as an employee in TurboTax Online or Desktop, please
follow these steps:
- Once
you are in your tax return, click on the “Federal Taxes” tab
- Next click on “Deductions and
credits”
- Next click on "jump to
full list" or “I’ll choose what I work on”
- Scroll down the screen until
to come to the section “Employment Expenses”
- Choose "show more",
then Job-related expenses and follow the onscreen instructions
- Say "yes" to
question "Did you have any of these expenses in 2015 for your W-2
income?" under the screen titled "Employment Expenses Related
to a W-2".
- after about 6 to 10
question screens, you will get to a screen titled "Job-related
Expenses" you can put this information here (see screenshot)
