Laurie P Posted May 30, 2007 Report Posted May 30, 2007 Hi all, Just wanted a confirmation. Sch C Home office business purchased a printer. I think that this would NOT have to be listed property. Is this correct? Thanks, Laurie Quote
joanmcq Posted May 30, 2007 Report Posted May 30, 2007 why not? Could easily have a personal use element. Quote
Don in Upstate NY Posted May 30, 2007 Report Posted May 30, 2007 Hi all, Just wanted a confirmation. Sch C Home office business purchased a printer. I think that this would NOT have to be listed property. Correct. A printer used in a qualified home office is NOT listed property. See Pub 946, page 54. Quote
mcb39 Posted May 30, 2007 Report Posted May 30, 2007 Of the umpteen printers that I have purchased over the years; I have never listed any of them. Home Office and have two connected as we write.......... Quote
OldJack Posted May 30, 2007 Report Posted May 30, 2007 Correct. A printer used in a qualified home office is NOT listed property. See Pub 946, page 54. 2006 Publication 946, page 56: >>Listed property is any of the following. Computers and related peripheral equipment, unless used only at a regular business establishment and owned or leased by the person operating the estab lishment. A regular business establishment includes a portion of a dwelling unit that is used both regularly and exclusively for business as discussed in Publi cation 587.<< Quote
Don in Upstate NY Posted May 30, 2007 Report Posted May 30, 2007 2006 Publication 946, page 56: Correct. It was page 54 in the 2005 version, which is the version on the 2006 CD. As an aside, how did you do that cut and paste? When I copy from a two-column IRS .pdf, I always get a mish-mosh of both columns, as in ... • Computers and related peripheral equipment, unless used only at a regular business establishment and Other Property Used owned or leased by the person operating the estab- for Transportation lishment. A regular business establishment includes a portion of a dwelling unit that is used both regularly Other property used for transportation includes trucks, and exclusively for business as discussed in Publi- buses, boats, airplanes, motorcycles, and any other vehication 587. Quote
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