On Tue, 28 May 2024, CAREY SCHUG via cctalk wrote:
1. I don't believe ANYBODY could purchase a 360. You had to lease them.
2. do you know of such a company? (with a significant number of employees, not
a lone entrepreneur). I figure asking means that maybe you do. and since I
believe no 360 but maybe the model 20 (not a real 360) or the model 22 would
plug into household power it seems unlikely unless a tax dodge.
3. if it was one purchase order, it sounds like ONE for the personal computer
tally, vs thousands for the not-personal tally. Remember we still need to have
enough computers to be 10% (or negotiated percentage) of the total produced.
One exception does not change everything.
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I should have repeated my other suggestion. Only computers NOT
depreciated/expensed count as personal. If depreciated, it is a business
computer for business purposes.
to summarize any or all of the following:
-- if depreciated or expensed (reducing income) it is business, otherwise
personal. **
--10% of purchases (a lot counts as ONE purchase, including "100-200 per month for 3
years") must be out of household funds (per income tax filings) for and used for
household education, not for earning claimed income.
--by some criteria, be able to plug into private home power for a reasonable
subset of the population.
** There could be tax reasons/dodges (not saying they are legal): (1) a
small business could expense them immediately (vs depreciate over years)
by titling them in employees' or families' names, (2) a private
individual could depreciate even though not actually doing any
significant amount of income earning work on them (3) would have been
expensed/depreciated but not enough income to be of any advantage, (4)
probably many others, ask a shady tax lawyer.
1) property of a sole proprietorship IS legally in the owner's name
I depreciated my first two TRS80 Model 1's, which got "personal" use, as
well as business use.
Later machines I expensed out, which surprisingly held up through an
audit!, on the argument that because of the nature of the business that I
was doing, I needed to purchase current machines, rather than the usual
use over many years. For example, when IBM switched from 8088 to 80286, I
needed an AT immediately briefly, and not for very long, to test and fix
my code (prefetch buffer size was an issue, solved by a JMP $)
"Self-modifying code may seem like fun, but it WILL ALWAYS come back
eventually and byte your ass."
Continuing to have them, and even some lesser use of them after thay had
served their initial purpose and amortized did not obviate that.
4) I could have used a shadier tax lawyer.
--
Grumpy Ol' Fred ci...@xenosoft.com
