Related: Robert Reich posted earlier today that Tesla paid ZERO taxes on $5 billion in sales (earnings?), so that’s just fucking great.
this post was submitted on 03 Feb 2026
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Total up all your major tech purchases for the year, divide that number in half to get your total "losses" for the year. Fill out your 1040 Schedule C, say you have an IT Consulting business, sole owner, sole proprietor, no LLC. Declare zero income, then declare your losses in the appropriate category (office expense, equipment, break room supplies, etc.). The more receipts you have, the better, in case you get audited. If you declare it, save the receipts just in case or just roll the dice and claim whatever you want, there's barely any auditors left and they're all busy looking at the people claiming dogs and dead people as dependents.
Once you finish filling out your Schedule C, you should see your federal obligation reduced.
I wish I knew this last year when I got that GPU. Should I declare pizza and beer as income if I help bro build a PC?