If we "bought" a pc for home business Black Fri 2016 using 18 mo. no interest and paid it off in Jan 2017 do we claim it on 2016 or 2017 return?

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If we "bought" a pc for home business Black Fri 2016 using 18 mo. no interest and paid it off in Jan 2017 do we claim it on 2016 or 2017 return?

Assuming the computer meets the other tests to be depreciated or expensed (must be used at least 50% for work, etc), the date you purchased it is the date you acquired it from the vendor and placed it into service. Paying the vendor with a loan that you are obligated to pay back is what starts the clock, not whenever you happen to pay off the loan.

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If we "bought" a pc for home business Black Fri 2016 using 18 mo. no interest and paid it off in Jan 2017 do we claim it on 2016 or 2017 return?

Assuming the computer meets the other tests to be depreciated or expensed (must be used at least 50% for work, etc), the date you purchased it is the date you acquired it from the vendor and placed it into service. Paying the vendor with a loan that you are obligated to pay back is what starts the clock, not whenever you happen to pay off the loan.