Laptop, home business, tax write off?

You cannot expense it all in one year. You must depreciate it over its useful life utilizing MACRS.

Only if you have a legitimate business which includes a tax ID and business license. Just to say you have a business because you have a business card won't work. It is not something you can take 100% of the cost from off one year but rather depreciated over several years of usage. An accountant/CPA (also a tax write off) can assist you with several other tax write offs you are entitled to. For at least your first year of business make sure to get a competant attorney and CPA. Their services will end up helping you earn more money than their fees.

Go for it!

How much you pay for it is important. If more than $1K, I would recommend you to depreciate it for over its useful life. There's a set number of years provided by the IRS.

Everything else, including the internet service is deductible.

I'm a tax accountant.

If it's used for your business it definitely falls under the category of write off.

you can only do a certian percentage each year but as long as you keep it strictly business computer you can claim it

on the form 4592, that will be called 'listed' equipment(on the reverse side) follow the instructions there

Yes- if the laptop is purchased for and used primarily for the business, it would be a tax writeoff. I am in a similar situation and yes- it is a tax writeoff.