Originally posted by: EagleKeeper
Originally posted by: kmac1914
This past year, I was hired(maybe contracted is a better word) to create a website for an organization that i am a part of. I bought a laptop primarily for this purpose; would this be deductible?
If you were paid for the work:
a) 1099 - The laptop coiuld be written off completely via Schedule C and possibly Section 179.
b) W2 - The laptop would have to be expensed off using the Form 2106/Schedule A.
See above posts regarding the headaches/benifits of the 2106 deductions.
Okay, I've been reading through the thread, but im still a little fuzzy on the 2106 thing. In addition to being paid to make the website, i also worked over the summer and made about 4k, so I'll be getting a W2 back from that. I usually file a 1040EZ since the summer job is my only real income (still in college). I saw something about it having to be above 2% of my AGI for it to be deductible...so, if the laptop was $700, would that qualify? And am i going to have to use the standard 1040 if i do this, even though it's the only real deduction i'd be making and i don't have anything else to itemize?