Business Assets Tax Worksheet

Business Assets Tax Worksheet

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Whether or not you take a home office deduction you may be eligible to deduct the cost of office furniture and some office machines that you have begun using for business in either your home office or work office.

If you have begun using any of the items in the worksheet for business but had acquired them in a previous year, please indicate the item's lowest value, either its actual cost or its fair market value when put into business use. Do not list an amount if you have either deducted or completely depreciated an item in the past. Do not list an amount if you received the item from your employer, or if it was purchased through a grant (i.e., you did not pay for it).

View worksheet in PDF Format.

James Lange, CPA

Jim is a nationally-recognized tax, retirement and estate planning CPA with a thriving registered investment advisory practice in Pittsburgh, Pennsylvania.  He is the President and Founder of The Roth IRA Institute™ and the bestselling author of Retire Secure! Pay Taxes Later (first and second editions) and The Roth Revolution: Pay Taxes Once and Never Again.  He offers well-researched, time-tested recommendations focusing on the unique needs of individuals with appreciable assets in their IRAs and 401(k) plans.  His plans include tax-savvy advice, and intricate beneficiary designations for IRAs and other retirement plans.  Jim's advice and recommendations have received national attention from syndicated columnist Jane Bryant Quinn, his recommendations frequently appear in The Wall Street Journal, and his articles have been published in Financial Planning, Kiplinger's Retirement Reports and The Tax Adviser (AICPA).  Both of Jim’s books have been acclaimed by over 60 industry experts including Charles Schwab, Roger Ibbotson, Natalie Choate, Ed Slott, and Bob Keebler.

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