You should still be able to write it off at it's current value. You also get to write it off as a loss years after when you replace it.
On Thu, Jan 20, 2011 at 1:19 PM, Greg Morphis <[email protected]> wrote: > > there. Plus I only just started the 1099 job in October. What if I > bought the PC a couple years ago but now it's solely used for > business? Can you only claim items you've purchased while hired as a > 1099? The reason I ask is because I read something about computers and > peripherals being some kind of 5 year property. > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:333615 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
