Deductions

“I bought a new high-end laptop exclusively for my side hustle, what specific receipts or logs do I need to keep to prove this to an IRS auditor?”

Life eventStrategy Session · 90 min · $240

For a laptop used in a side hustle, the recordkeeping question often turns on how clearly the business use can be shown and whether there is any personal use mixed in. Auditors typically look for the purchase invoice or receipt, proof of payment, and contemporaneous logs or notes that tie the device to the business activity, such as the work performed, dates used, and how it fits the side hustle. If the item is expensive, records showing when it was placed in service and whether it was treated as a business asset can also matter, along with any supporting documents from the business itself. Going through your records with a CPA usually surfaces the answer in under an hour.

In your 90-minute session, the KGOB advisor handling it will:

  • Read your exact situation and tell you, in plain English, what’s actually going on.
  • Lay out your options and the trade-offs — no jargon, no judgment.
  • Give you a clear next step you can act on, whether that’s with us or on your own.
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This page is a prompt to start a conversation, not tax or legal advice, and states no tax-law specifics as fact. A consult session does not by itself create an ongoing engagement. We do not promise specific outcomes or savings. Kohari Gonzalez Oneyear & Brown PLLC — Charlotte, NC.

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