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#1 |
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Member (9 bit)
Join Date: Jan 2006
Location: Statesboro, Ga
Posts: 265
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Tax write offs and school
I am tax retarded, putting it mildly. And i was wondering if anybody could tell me if it is possible to write off a new computer for school. I am a full time student and i need to build a computer for myself. If anybody knows or could point me in the right direction it would help me out a load.
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#2 |
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Forum Administrator
Staff
Premium Member
Join Date: May 2000
Location: Joplin MO
Posts: 36,460
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I doubt that it would get you as much as the standard deduction on a short form unless you have a LOT of other writeoffs.
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#3 |
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Member (9 bit)
Join Date: Jan 2006
Location: Statesboro, Ga
Posts: 265
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no, not realy any other write offs, just trying to keep options open. Being in college mean being broke 24/7. So little funds for a computer. I was just looking for options to help me pay for my computer.
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#4 |
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Member (11 bit)
Join Date: Dec 2001
Location: Shakopee MN
Posts: 1,293
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I Googled "irs student deductions computer" and the first hit from the IRS is:
http://www.irs.gov/faqs/faq-kw53.html If you must buy the computer from the school and no where else then there is a way to deduct something, hope credits or some such thing. You'll need to read all the links- are you paying the cost of school? That looks to be a condition.
__________________
Never Argue With An Idiot. They'll Drag You Down To Their Level And Then Beat You With Experience. |
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#5 |
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I am, in reality, a moose
Staff
Premium Member
Join Date: Aug 1999
Location: RTP, NC
Posts: 2,439
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before I would attempt such a move, I would definitely discuss this with a tax professional...your school might even have one on staff.
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#6 |
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Techphile.
Join Date: Nov 2003
Location: San Francisco Bay
Posts: 5,746
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Do you live in the USA?...if so, I could ask my wife who does peoples taxes.
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#7 |
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Member (9 bit)
Join Date: Jan 2006
Location: Statesboro, Ga
Posts: 265
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sdkfz, thanks for the links. When i learn to speak tax I think they will help me.
![]() mbossman2, no doubt about that. I wouldnt do anything of the such without help from somone who knows the field, as i have next to no education or anything of the such in tax law. David M, yes i was born and raised in the USA. Georgia more precise. And attend school in Ga. |
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#8 |
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Techphile.
Join Date: Nov 2003
Location: San Francisco Bay
Posts: 5,746
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OK, I will ask my wife.
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#9 |
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Member (9 bit)
Join Date: Jan 2006
Location: Statesboro, Ga
Posts: 265
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Thanks, anything you can find out i am very geatful for David M.
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