Quantcast

Tax deductable items for residency

This forum made possible through the generous support of SDN members, donors, and sponsors. Thank you.

CYRAX

Junior Member
10+ Year Member
7+ Year Member
Joined
Feb 22, 2005
Messages
15
Reaction score
0
hey guys,
I was wondering if its possible to deduct the price of a personal computer I buy now, before residency starts in July, for next year's taxes? I am not even sure if it is even deducable? Also I don't know if I am gona get laptop or desktop. Also what other items are deductable if any? Thanks in advance guys for any help!
CYRAX
 

southerndoc

life is good
Volunteer Staff
Lifetime Donor
15+ Year Member
Joined
Jun 6, 2002
Messages
13,231
Reaction score
3,057
It's not really a tax deductible item. If you have a really good CPA and get really creative, you *might* can claim it as an expense if you use it extensively for research (like entering data). I think this is stretching it quite a bit and might be a flag to get you audited.
 

GoPistons

Senior Member
10+ Year Member
5+ Year Member
Joined
Apr 19, 2005
Messages
134
Reaction score
2
do yourself a favor and go to irs.gov and glance over publication 17.
 

SLUsagar

rock chalk jayhawk
10+ Year Member
15+ Year Member
Joined
Feb 12, 2004
Messages
511
Reaction score
1
CAN WE OR CAN WE NOT deduct moving costs as an expense for soon to be PGY-I's/???????????????????
 

PTP

Full Member
7+ Year Member
15+ Year Member
Joined
Jul 2, 2003
Messages
196
Reaction score
1
Keep in mind that if your residency program offers a moving allowance (as many do) you cant deduct it.
 

SLUsagar

rock chalk jayhawk
10+ Year Member
15+ Year Member
Joined
Feb 12, 2004
Messages
511
Reaction score
1
PTP said:
Keep in mind that if your residency program offers a moving allowance (as many do) you cant deduct it.



what if your moving costs are MORE than what your employer offer in allowance...can you deduct the difference???
 

Doczilla

Senior Member
10+ Year Member
5+ Year Member
Joined
Jan 8, 2005
Messages
146
Reaction score
3
SLUsagar said:
what if your moving costs are MORE than what your employer offer in allowance...can you deduct the difference???

You can deduct whatever moving expenses are not reimbursed by your employer (as long as your new job is far enough away from your old job). If you spend more than the moving allowance, you can deduct the difference.


'zilla
 
Top