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New Member
posted Apr 29, 2022 9:30:46 PM

Where do I enter the purchase of my new laptop and new cellphone? They are used for self-employed business but not 100%.

I see a line for 'lease' of such equipment, but not sure where to claim a purhcase of equipment.

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1 Replies
Level 5
Feb 12, 2023 3:17:18 PM

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.

 

Your expenses are classified as follows:

Cell phone - the cost of the phone itself is a capital cost (class 8). Monthly usage is an expense.

New computer - capital cost (class 50) If you purchased software such as Microsoft Office or Photoshop, also capital cost (class 12).

 

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