A question about home based business write offs.?

alright so I am working at home on my computer, making money online via ebay, and other things like google adsense, etc.





what kind of stuff can i write off of my taxable income? since i am basicly working on my PC the whole time 24/7, is it okay if i go to Best Buy and purchase a boatload of PC equipment and write it all off???





i could use a new PC and new printer, monitor and maybe even a couple new laptops, one for the home office and one for the road... for my business of coarse.

A question about home based business write offs.?
Anything you use pertaining to your business is a write off. Gas mileage going for supplies or business meeting. Picking up the tap for business meetings. Your telephone line, internet service charges. I believe also a breakdown of the electricity you us to run your computer. All supplies you us including pens etc., anything you us to advertise even if you give it away to someone. you computer of course and equipment and software. I don't know exactly what you do for your business but my business i make candles and use alot of paper towels which i'm able to write off. there are so many things you can write off if you sit and think about what you're using and what you're using it for. Hope it helps
Reply:You can write off reasonable operating expenses. Normally equipment is depreciated over its useful life, but you can write off equipment purchases under section 179. You can also write off a portion of your expenses associated with the business, for example, a portion of your electric bill applies to your business, as does part of your phone bill and all of the cost of your Internet connection.





Why you would want two laptops is beyond me, especially if you have an office PC. When your expenses become unreasonable relative to the income you are earning, the IRS can get suspicious.