First off....if this turns into a thread about why we pay taxes,
etc...someone please KILL it.  This is related to a real question.


This year I finally did some contracting where I was not considered an
employee so I got the good ol 1099-MISC.  Thats ok, fill out the schedule C
and figure out my taxes on it, pretty straight forward.

If I bought equipment, such as a laptop, primarily for doing this work, can
I write it off? What if I payed for part of it last year, and part of it in
this year? I assume I can only account for the amount I payed this year
correct?

However, like many on here, I am working toward releasing some products
where I will be selling locally to some businesses (you know....if you make
it, they will buy it situation). So how does one account for this income?
Still on schedule C I imagine?




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