Question

New appliance for home baking business

Forum|Forum|6 years ago
January 28, 2020
1 reply
0 views

If I purchased a new oven for use with a home baking business and is also used for personal baking, how much can I deduct from the purchase price?

GiseleD

You will need to determine the percentage of business use for the oven. How many days out of the year did you use the oven for business? The percentage you calculate will then be multiplied by the price of the oven, including delivery and set-up charges (if any).

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"