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stuckingfk · August 17th, 2004, 01:24

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Hey Lucas, you know what this means!! [img]/ubbthreads/images/graemlins/grin.gif[/img]

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My university required each incoming freshman to come to school with their own computer. Is there any way to deduct the cost of the computer from my tax liability?

The cost of a personal computer is generally a personal expense that is not deductible. However, if the school bills everyone, as a condition of attendance or enrollment, for proprietary computer devices and/or software available no where else, then this may qualify as an expense towards either the Lifetime Learning Credit or Hope Credit. For more information, refer to Publication 970, Tax Benefits for Education.

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LOL

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Yep, chock up another $700 in deductions!!

You get done with 102 yet? How did it go, you doing 221 this fall and if you are, who is your instructor?

Good luck, and I'll probably see you out there, I'll hopefully have a 221 student this fall.

August 17th, 2004, 01:24	#20
stuckingfk Old Skool Join Date: Oct 2000 Location: El Forko Grande Posts: 2,575	Re: Taxes [ QUOTE ] Hey Lucas, you know what this means!! [img]/ubbthreads/images/graemlins/grin.gif[/img] [ QUOTE ] My university required each incoming freshman to come to school with their own computer. Is there any way to deduct the cost of the computer from my tax liability? The cost of a personal computer is generally a personal expense that is not deductible. However, if the school bills everyone, as a condition of attendance or enrollment, for proprietary computer devices and/or software available no where else, then this may qualify as an expense towards either the Lifetime Learning Credit or Hope Credit. For more information, refer to Publication 970, Tax Benefits for Education. [/ QUOTE ] LOL [/ QUOTE ] Yep, chock up another $700 in deductions!! You get done with 102 yet? How did it go, you doing 221 this fall and if you are, who is your instructor? Good luck, and I'll probably see you out there, I'll hopefully have a 221 student this fall.