legomom922 03:04 PM 02-22-2011
We do not have cable because it is too expensive, so we bought a Mac Mini for like $700 which is a one time expense, and it will last yrs, where for the same amount, cable would have lasted only 7 months, so can I write that off as T/S% and I bought it in April before I went into business in June, as I had been gatering up things over a period of months. I mainly got it to stream netflix and to watch stuff online. I know this is a expensive item, so dont know if I can pull this one off or not.
TomCopeland 11:09 AM 02-23-2011
If you are using this for your business (kids watching movies, etc.) then you can depreciate the t/s% of the cost and depreciate it over 5 years. You can use the additional 50% depreciation allowance and claim half of the depreciation in 2010.
Next Monday join me for my webinar "How to Reduce Your Taxes for 2010 and 2011 sponsored by daycare.com. For more info:
https://www.daycare.com/news/taxes/t...d-webinar.html