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Merlo, Accountant
Category: Tax
Satisfied Customers: 9783
Experience:  25+ years tax consulting. Specializing in returns for US citizens living abroad
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can a business retroactively spend money on computers, equipment,

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can a business retroactively spend money on computers, equipment, etc to decrease tax liability for 2009... right now we are showing a small tax liability, but could use a new laptop, etc. can we purchase those items now and deduct them from 2009?

Hello jink,


You cannot claim a deduction for any expenses or purchases that were made in a tax year other than the one you are filing for. Laptops and other assets are depreciated over a period of years, and the depreciation cannot start until the year the asset is actually purchased and actively placed in service.


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Thank you jink





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