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Tax question...

Discussion in 'Anything goes' started by mltru2tx, Dec 10, 2007.

  1. mltru2tx

    mltru2tx Member

    I'm about to make two purchases and was wondering if anyone had any insight as to whether I could write them off on my taxes for business expenses.

    1) A new computer (at least a portion, perhaps)

    2) A GPS navigation system for my ride (I don't see why I couldn't write that off, but thought I'd check).

    Thanks for any input...
  2. Gold

    Gold Active Member

    If you use the computer for business, you would write that off under Section 179.

    Navigation system might be a little more dicey.
  3. mltru2tx

    mltru2tx Member

    What if I have a work-issued laptop that's a piece of garbage? Would that throw a kink in my chances of being able to write it off if I got a new one?
  4. Hank_Scorpio

    Hank_Scorpio Active Member

    You won't be able to write off the whole amount, unless you are going to use it entirely for business.

    But you will be able to write off a certain percentage, as long as part of it is being used for work-related activities.
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