mcmillan@eosp1.UUCP (John McMillan) (03/23/84)
References: I purchased some home computer hardware which I use for business purposes. Can anyone recommend to me an intelligent, detailed discussion of the options available to me to obtain federal income tax relief with regard to this purchase? - Toby Robison allegra!eosp1!robison decvax!ittvax!eosp1!robison princeton!eosp1!robison
dak@ihuxn.UUCP (Dave Krunnfusz) (03/27/84)
My wife and I recently purchased a terminal and a modem for use at the house for strictly business purposes. You can depreciate it, typically using the 5-year scale, and claim the depreciated amount on schedule A under miscellaneous deductions. (This info was gathered from the big IRS itself, so unless they are lying...)
DINGMAN@RADC-TOPS20.ARPA (03/29/84)
In the December 1982 issue of Popular Computing there is an article
on "Deducting Your Personal Computer From Your Taxe$". It contains much
of the basic info on how the tax laws apply, and has a program listing
(in TRS-80 BASIC) which allows your computer to compute its own deprecitaion.
This article should help, but the tax laws may have changed on this
particular subject so I would advise seeking additional guidance or
IRS confirmation of the details.
John Dingman (RADC-20.ARPA)
-------earl@BRL-VAT.ARPA (04/18/84)
From: Earl Weaver (VLD/ATB) <earl@BRL-VAT.ARPA> The current JK Lasser's income tax guide has a reasonable discussion on this subject.