Laptop deduction

I started an LLC in 2020 but only this year we started the actual business. Can we write off the cost of the laptops 100%?

posted

If you purchased the laptops in 2024 you can write them off on your 2024 taxes. You'll enter them as assets purchased for your business and if eligible you will be able to take a full deduction or bonus depreciation for this year.

If you purchased the laptops prior to this year you can bundle them up as part of the 'start up costs' for your business and amortize them over five years.

@LTheory

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