small deduction question for taxes.

Discussion in 'Community Discussion' started by detz, Feb 16, 2009.

  1. detz macrumors 65816

    Jun 29, 2007
    I was recording expenses for this year and I thought I purchased this item this year but it turns out I purchase it in December, can I still write that off as a 2009 expense or do I have to amend my return in order to write it off?
  2. atszyman macrumors 68020


    Sep 16, 2003
    The Dallas 'burbs
    I'm assuming you're in the U.S. working on taxes due in April? If not disregard everything I say.

    The taxes you are doing are for 2008. You file your return and figure out if you owe more or get a refund based on what you made/paid in 2008. Therefore anything you want to use as a deduction has to have been purchased between January 1, 2008 and December 31, 2008. Anything you bought in 2009 can be written off on next years taxes.

    I'm sure that there are other exceptions, but the only one I know if is that you can contribute to a Roth IRA for 2008 anytime up to when you file your taxes.
  3. Zombie Acorn macrumors 65816

    Zombie Acorn

    Feb 2, 2009
    Toronto, Ontario
    It only matters if you get audited. If its a car or something don't do it, but for something that isn't traceable through a government entity I would just write it off :D

  4. detz thread starter macrumors 65816

    Jun 29, 2007
    It's $150 in supplies and it was purchase in Dec 2008 but I thought I purchased it in 2009. I've already done my 2008 taxes so it's not worth it to ammend my taxes for $150 so I was wondering if I can still write that off on my 2009 taxes or not.
  5. yg17 macrumors G5


    Aug 1, 2004
    St. Louis, MO

    No. You can only deduct purchases made on your 2009 taxes. Other than filing an amended return, which isn't worth it, you're out of luck
  6. Rodimus Prime macrumors G4

    Rodimus Prime

    Oct 9, 2006
    You could more than likely put it on your 09 taxes. Just if you get audited you are SOL.

    But 150 bucks works out to be about 30 bucks in tax savings when it is all said and done assuming you are in the 25% tax bracket.
  7. detz thread starter macrumors 65816

    Jun 29, 2007
    25% federal, 5% state and 15% self employment tax = 45% tax. :-( Still not worth it but I will probably throw it in with my '09 taxes anyway since the chances of an audit are slim.

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