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Author: wintbill Three stars, 500 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121095  
Subject: Re: Deducting the huge plasma TV Date: 2/21/2005 9:33 PM
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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
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