Tax return... can I deduct Cisco gear??

opers13

Guys,

is it possible to deduct the Cisco gear as work-related educational expenses?

opers13

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Comments

Kaminsky

Possibly!

Depends how you work and if the tax office will class it as comapny research/educational material. Phone your accountant or the local tax office. You might actually get away with it

)

garv221

Yeah, it is possible, depending on your state.

Plantwiz

opers13 wrote:

Guys,

is it possible to deduct the Cisco gear as work-related educational expenses?

opers13

Possible yes.

Work with a CPA who is current to with the tax laws so you don't get hosed later on. Depending on your situation though, it may not be a good deduction i.e. you may be better off with a standard deduction.

You'll need receipts as well as be able to backup anything you claim. Also, if you bought the router on-line you may find you owe sales taxes if you didn't initially pay them.

So, I highly recommend working with a good CPA for unique deductions. Sure H&RBlokes can probably file it for you, as well as TurboTax probably has the forms....however working with someone who DOES this for a living can help advise you on those 'little' reasons that may be overlooked by a standardized form filler-outer

YMMV