Can I claim a computer as an exemption?

Question

I work one day a week at home (four others in the office). I bought a laptop (don't have the receipt) and would like to claim it as an exemption. Can I? If so, what form in TurboTax is it under?

Answer 1

ummmm. Perhaps it will serve you well to visit a tax professional! I saw your other question about filing status. (MFJ is usually the best status for married people)

An exemption is counting the people who are claimed by the taxpayer each year.

A deduction for a computer in a home office is a different matter. There are questions which must be answered to determine if that is a legitimate deduction.

good luck

Answer 2

I assume that you're asking about a deduction, not an exemption - an exemption is an amount given for a PERSON, which a computer is NOT.

If you could claim it, which is fairly unlikely, you'd have to itemize and would list it as an unreimbursed business expense. There would be a number of requirements the purchase and the use of the laptop would have to meet to qualify for a deduction. And since you don't have a receipt, you almost surely would run into a problem if audited.

Answer 3

I'm not a tax person, but I'm pretty sure you can claim a portion under office expenses. However, I'd be careful if you don't have a receipt. If you get audited, there could be a problem. Do you have a credit card statement with the purchase listed??

Answer 4

You may be able to claim SOME of the cost as a business expense DEDUCTION. Exemptions are for PEOPLE. I recommend consulting a professional for details.