Yes, you can take a depreciation deduction or elect to write off the entire cost in the year of purchase under Section 179. However, if the iPad is not 100% business use, please reasonably estimate the business use percentage and only write off that portion.
Great, thanks so much. Could the monthly data plan be included in this as well?
The monthly plan should be pro-rated by that same business use percentage. All costs associated with your writing should be deducted from your writing income to lower you self-employment tax.
I hope this has been helpful to you.
If I have adequately answered your question, please click the GREEN ACCEPT button. If you need more information after clicking ACCEPT, please do not hesitate to click Reply and I will be happy to help you further. Thanks!
This has been very helpful. Thank you.