Has anyone thought about deducting those huge 5k+ plasma TVs as depreciating "monitors" for one's home computer system (used partially for work)? Any thoughts on the legality of this?You want to take a deduction, or you want to claim depreciation?To take the deduction for the expense of purchasing the TV, your plasma monitor must be used exclusively in a home office that qualifies under the exclusive use test. If the office (including plasma display) is used occasionally for personal purposes, no deduction can be taken; the exclusive use test is not satisfied.There are two exceptions: if you are storing the display (e.g. inventory), or if you run a day care in the room where the display is used, home business deductions may be allowable.Bill
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra