Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Your taxes, your way. Get expert help or do it yourself. >> Get started
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
SweetShadow04
Returning Member

Rent to own computer used for work.

I rent to own a computer that I use for work. I still have three monthly payments left. Do I claim the depreciation on this tax return or do I have wait till its paid off?

2 Replies
xmasbaby0
Level 15

Rent to own computer used for work.

Are you self-employed or do you receive a W-2?  If you get a W-2 you cannot deduct anything for the computer on your federal return.

 

https://ttlc.intuit.com/questions/4482873-which-federal-tax-deductions-have-been-suspended-by-tax-re...

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
SweetShadow04
Returning Member

Rent to own computer used for work.

self employed. sorry 🙂

About Community

Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.

3.49m
Members

2.62m
Discussions

Manage cookies
v