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April 19, 2023
Solved

Can computers and printers be added as an asset for depreciation if used to track investments? I do not have a home business.

  • April 19, 2023
  • 2 replies
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The equipment is used 35% for investment purposes.
Best answer by Mike9241

No. they would be an investment expenses that are not currently deductible for federal income tax purposes

2 replies

April 19, 2023

No, Assets for Depreciation would need to be attached to a Business of some sort (Schedule C) or Rental Property (Schedule E).

 

An asset is property you acquire to help produce income for your business.

 

Here's more info on Depreciation of Business Assets.

 

@user27508 

 

 

 

 

Mike9241Answer
April 19, 2023

No. they would be an investment expenses that are not currently deductible for federal income tax purposes