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Tax Deduction Consulting: Laptop Computer Deduction Brigham City UT

A laptop is a personal computer. It is certainly more portable and therefore lends itself more easily to many business purposes, but it is still a computer and therefore is subject to the same rules as a regular desk top personal computer.

Mr. A. Wayne Margetts (RFC®), LUTCF
(801) 532-1871
175 S Main St, Ste 1050
Salt Lake City, UT
Company
LPL
Qualifications
Education: BSc (Math)MBA
Years of Experience: 16
Membership
IARFC, MDRT, NAIFA
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Executive Compensation Planning, Retirement Planning, Medicaid Planning, Tax Planning, Seminars Work, Employee Benefits, Stocks and Bonds, Mutual Funds, CD Banking, Annuities, Life Insurance, Long Term Care Insurance, Group Insurance, Charitable Planning, Education Plan, Charitable Foundations, Asset Protection, BuySell, Compensation Plans

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H&R Block Inside Sears Downtown
(801) 532-0610
754 S STATE ST
SALT LAKE CITY, UT

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H&R Block
(801) 832-8932
2356 S FOOTHILL dr
SALT LAKE CITY, UT

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H&R Block
(435) 644-2071
40 E CENTER
KANAB, UT

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H&R Block
(801) 733-0847
3438 BENGAL BLVD
SALT LAKE CITY, UT

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Mr. Gregory W. Williams (RFC®), CFP, CHFC, CLU, LUTCF, MSFS
(801) 453-2271
6340 South 3000 East, Suite 500
Salt Lake City, UT
Company
Exit Strategy Specialists, LLC
Qualifications
Years of Experience: 26
Membership
IARFC, MDRT, FPA
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Trustee Service, Pension Planning, Executive Compensation Planning, personal Coach, Retirement Planning, Tax Planning, Seminars Work, Employee Benefits, Stocks and Bonds, Mutual Funds, Mortgage Loans, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Business Coach, Charitable Planning, Education Plan, Asset Protection, BuySell, Compensation Plans

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H&R Block
(801) 766-2308
1438 E MAIN STE 8
LEHI, UT

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H&R Block
(435) 884-3076
124 W MAIN ST
GRANTSVILLE, UT

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Synergy Accounting Solutions
(801) 542-0230
8282 S. State St. Suite
Midvale, UT
 
H&R Block
(801) 255-3231
7065 S STATE ST
MIDVALE, UT

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Tax Deduction Consulting: Laptop Computer Deduction

Laptop Computer Tax Deduction

Is there a laptop computer tax deduction? Do you have to be operating a business with you laptop in order to claim depreciation and related equipment costs? These are common tax questions about a laptop.

A laptop is a personal computer. It is certainly more portable and therefore lends itself more easily to many business purposes, but it is still a computer and therefore is subject to the same rules as a regular desk top personal computer. One advantage of a laptop is that it is much easier to convince the IRS that it is for business and not pleasure. What are the rules for claiming the laptop computer tax deduction?

First of all, let's get the bad news over with. If your main purpose for your computer is to play games, send emails to your mother, or chat with your friends, there is no tax deduction that will apply. The only time a computer, laptop or otherwise, results in a tax deduction is when it has some income producing purpose. This business purpose must meet two conditions. First, it must be required by your employer as a condition of employment. Second, it must be used at the convenience of your employer.

When these conditions are met, the cost of the computer and related hardware can be taken as a tax deduction. If you use it for the employer's convenience more than 50% of the time, you can use either an accelerated depreciation method spreading the cost over 5 years or make a Code Section 179 election and take the entire deduction in the year the equipment was purchased. If the use is less than 50%, you must use straight line depreciation and can not use Section 179. The deduction is a miscellaneous itemized deduction and subject to the 2% of Adjusted Gross Income reduction.

If you use the computer on your own for any income producing activity such as tracking online investments or even preparing tax reports, you can claim operating expenses and depreciation also. In this situation, only the percentage of use tha...

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