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From: smith@umn-cs.UUCP
Newsgroups: net.taxes
Subject: Re: home computer write-off - (nf)
Message-ID: <274@umn-cs.UUCP>
Date: Sun, 5-Jun-83 21:21:31 EDT
Article-I.D.: umn-cs.274
Posted: Sun Jun  5 21:21:31 1983
Date-Received: Tue, 7-Jun-83 22:25:44 EDT
Lines: 15

#R:floyd:-141000:umn-cs:10500007:000:675
umn-cs!smith    Apr 13 10:56:00 1983

  If you're a professional (i.e. engineering type) and you in fact use your
home machine for working, then you can probably deduct the depreciation as an
employee business expense on form 2106.  This year the depreciation form
has a spot for writing off the whole amount instead of depreciating it, if
it's under $5000.  I deducted my machine about two years ago and I haven't
heard any complaints.  I documented it on the return as "calculating equipment
used for professional purposes" since it is known that the IRS considers
expensive pocket calculators to be valid 'professional tools'.

  Note that this doesn't do you much good if you don't itemize deductions.

Rick.