The laptop will be used solely for business purposes
If you use your laptop for business, you can deduct the expense. Rather than being a "usual" expense, laptops are considered to be capital costs. This simply means that instead of deducting the full cost, the expense is deducted over time - similar to your car.
Claim the cost of the laptop in the CCA (capital cost allowance) section of your return. Select 50 as the class.
alloowishus
New Member
douglas_consulti
New Member
Biner59
Returning Member
knechtel
New Member
t027258
New Member
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.