Question

Laptop deduction!

Forum|Forum|3 years ago
September 15, 2022
1 reply
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I have question that I've been trying to have answered. I'm in school and we need a laptop. I know I can deduct it but my question is can I deduct the whole amount even if my laptop is on a payment plan . Also can I include the interest for the life of the plan ?

If I can't deduct the entire purchase price in a year only the payments ? Can I include the interest as well ?

Thank you so much !
Robert

Not A Product Question

B

Bsch4477

Employee

You can’t deduct your laptop but it’s an educational expense for the purpose of the American Opportunity education credit. If you are claimed as a dependent your parent claims that credit if otherwise eligible.

R

Robjkrespo Author

Thank you so much ! I claim myself if I did use AOE can I deduct the entire purchase price plus interest ( life of the plan) even though its on a payment plan or only what I pay for the laptop in a year?

Thank you so much !

Robert