Article Date:
October 2008


Word Count:
890

 

 

Deductible Business Expenses: Wins Computer, Loses Mileage Write-Off


David Choe learned some valuable lessons in court for his business expense deductions.

 

You will pick up some good ideas from his experience trying to expense his computer and his car.

 

Laptop Computer

 

First, what records do you need to prove a Section 179 expensing deduction for a laptop computer? You need

 

·

a receipt or an invoice for the cost,

·

a canceled check or a charge to your credit card to prove you paid for the computer, and

·

proof of business use.

 

Before getting to this laptop, let’s look at a desktop computer. The law ... Log in to view full article.

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