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I have a dell laptop i use a lot for daycare use. I know i cant use the deduction for paying for it since i bought it before i started. Is there any other deductions like interest spent on it?
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"God said, ‘I have found David son of Jesse, a man after my own heart. He will do everything I want him to do.'"
Acts 13:22 -
Can't you write it off as a start up cost? Or maybe depreciation? -
Laptop for DC
What is I got a new laptop onl for DC use, paperwork, kids projects, etc....
How do I deduct that and how do I prove it is truly 100% day care??Comment
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computer
You can depreciate items you purchased before you went into business and then use in your business. So, you can depreciate your computer based on its fair market value at the time you first started using it in your business. Multiply the value by your time-space% and depreciate over 5 years. You can also deduct the time-space % of any interest you pay in 2012 for this computer.Comment
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