Deduction/depreciation of office equipment
I've recently started an online home based business as a sole proprietor. I had existing computer, monitor, printer, desk and chair all roughly two or three years old. To cost of everything was around $800. I've looked at how to deduct these from my taxes and/or figuring out the depreciation. It all seems very complicated. Is it worth my time trying to figure it all out? I can't imagine it would amount to much over time, but I also don't want to leave anything on the table. I'm looking for an opinion on whether or not I should move forward and if so, some guidance on the best way to go about it. Thank you.
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