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-   -   Writeoffs for "non-existing" personal business (https://thetfp.com/tfp/tilted-life/97520-writeoffs-non-existing-personal-business.html)

intecel 11-15-2005 07:43 PM

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?

Cynthetiq 11-18-2005 10:14 AM

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.

Elphaba 11-23-2005 03:26 PM

Amen to seeing an accountant, because you may own employment taxes on that.


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