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Strategies & Market Trends : Income Taxes and Record Keeping ( tax ) -- Ignore unavailable to you. Want to Upgrade?

To: Colin Cody who wrote (721)	3/7/1998 3:34:00 PM
From: MrCash	Read Replies (1) \| Respond to of 5810

Thanks, I'll look into it. I just used Quicken to calculate the actual numbers and I can take a $1,600 loss (carry over to next yr I suppose) if I deduct the computer in 1 yr or amortise the computer over its 2 yr life and have a $500 profit (roughly). Maybe I should get a CPA but it sure seems I should be able to do this myself easily. Since it is more of a hobby, maybe I can go that way. It sure is frustrating in that it is such a small portion of my overall income, I've been doing my taxes for years myself and it seems a shame to give in now for a few hundred dollars and to be "legal"! thanks again.