Tom - Computer Deduction Question

[Unregistered]

My daughter got a new laptop computer and I bought the old one off of her for the day care to use for games. It is older, not sure how long it will last us, but anyways, I paid her $150 cash for it.
Where and how do I deduct this on my taxes???

Thanks!

[TomCopeland]

Computer

If the fair market value of her computer was $150 then you can deduct 100% of this cost using the Section 179 rule on Form 4562, Part I. This is because you are using the computer more than 50% for your business.