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Writeoffs for "non-existing" personal business
I have been told different things on this, so I wanted some feedback from you guys...
I do not have a business name, nothing filed, but I have made a little money on the side doing computer work that I will receive a 1099 for from the company that hired me to do the work. I bought a new laptop this year for around $1000. Is there any way I could write this off as a business expense, by saying I have a Sole Proprietorship business? I also have a full time job as a programmer / after-hours tech support, which is mainly why I purchased the laptop. I need to be able to see the screens sometimes while I'm not near a regular computer, and it's easier bringing my programming work home so I don't have to sit at the office all night. Would that scenario work to be able to write it off as a work-related expense? |
while you may not necessarily have a business, as a employee you may have "business" related expenses that are not reimbursed by your employers.
So since you have gotten a 1099, that means you are self employed and can enjoy a wider set of dedcutions than most people. You really should speak to an accountant so that you know what things you can and should be deducting. |
Amen to seeing an accountant, because you may own employment taxes on that.
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