how to file taxes as online contracter so that you can use laptop/computer purchases as write-offs
asked by Whitney05 5 months ago
flagLisa HW says
Assuming you've made above the Federal and State amount for filing a self-employment form (Form C), you would fill out the Form C (self-employment reporting), which asks about expenses related to your business.
You can file as a "sole proprietor" of your business. The form does ask for a simple explanation of the nature of the business.
For an expense as substantial as a computer, you should keep purchase receipts, credit card statements, etc. in case you are asked to include/provide them.
Quilligrapher says
Use a local or online tax preparation service. I think that purchased capital assets with an expected life greater than one year, like a computer, may need to be depreciated over a period time. The IRS has a schedule that lists assets and acceptable write-off periods. Also, you may have to report the percentage of personal vs. business use for all assets and expensed items that obviously can be used for non-business purposes.
Q.
JessicaR1211 says
If you file online, like HR-Block, they will walk you right through the steps!
You can vote each answer up or down to show your support or disapproval. You cannot flag an answer, but if an answer receives enough down votes compared to up votes, then it will become hidden.








