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Officer Farva 09-19-2005 12:56 PM

Deducting Computer from Income Taxes
 
Hi. I'm sure this topic has been covered at length or this or an other forum. I apologize if this is the wrong place to post, but:

I am about to purchase a computer for my home. I will be claiming it as an un-reimbursed business expense. As such, I need to document the fraction of time it is actually used for business. I anticipate that I will use it 25% for my day job, 60% for poker, and the rest for personal use. Given that I show a profit YTD from poker, can I claim 85% of the cost as deductable? Is poker a valid "business" that I can attach to given that it is a source of income? If my poker income is less that 60% of the computer cost (giving me negative income from the poker business) can I still deduct the entire 85% from my cumulative income?

Thanks in advance for any help.

09-19-2005 02:03 PM

Re: Deducting Computer from Income Taxes
 
poker is only valid source if its your sole source of income.

Feltin Licter 09-19-2005 04:59 PM

Re: Deducting Computer from Income Taxes
 
What % do you owe on poker income?


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