At 08:12 PM 2/14/01 -0500, you wrote:
>Are router's/switche's/isdn simulator's purchased for the home lab
>tax deductible. Also, are the ciscopress textbook's tax deductible
>expense.
>
>Is anyone else claiming these on the Federal Taxes?
>
>TIA
Even if I can write them off, I wouldn't bother. I plan on selling off
most of my equipment in the future, so all I'm keeping track of is initial
cost, upgrades, and them price I get for them, so I don't get taxed on the
'Income' when I sell them. And since I don't see the equipment
depreciating much while I own it (even for a year) I should be fine. If I
were to write it off then I am stuck with the equipment. Even if I keep
going for more Cisco cert, how many 2501/02's do I need? I would rather
sell off some of the lower end equipment and buy higher end gear in the future.
Now if I were starting a school/online rack/router rental, and planned on
keeping the gear forever then I would look into write off's.
How many people have keep the same equipment for more than a year?
Seems like a lot of the routers (from student labs) I look at are being
sold to finance newer labs, or people are just getting out of their labs
altogether.
Matt Wehland
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