Can I deduct the computer I bought last year, if I didn’t start my business until this year?


Question: Can I deduct the computer I bought last year, if I didn’t start my business until this year?

Answer: You will be able to deduct the cost of the computer, but you will need to figure out the market value of the computer when you put it into service. Watch the video below for a detailed explanation, or visit the IRS website for additional information regarding this topic.

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Amy Northard, CPA

The Accountant for Creatives
+ taxes + bookkeeping + consulting
+ Hang out with me over on Instagram!

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