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    mrtaggert's Avatar
    mrtaggert Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Aug 20, 2013, 02:42 AM
    Business expense
    I am a business. I know a guy who builds computers. I would like to have him build me one but he is not a business. How can I structure the deal so I'm sure it's a business expense?
    Thank You
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    Aug 20, 2013, 03:20 AM
    A business expense is money you pay out to further your business. If you buy a computer that you will use in your business, it's a business expense. Doesn't matter who you buy it from.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #3

    Aug 20, 2013, 05:56 AM
    Scott has it right. Just get a receipt for the payment you make to him and you will be find.

    If, over the course of the year, you pay him more than $600, you will have to generate a Form 1099-MISC to report the $600+ income to the IRS..
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