Our home computer is super old and barely works. I want to get an inexpensive laptop (less than $500). Can I get away with that using my tax return? I consider a computer a necessity not a luxury, and I won't be buying a $2000 Mac.
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have you filed yet? are you discharged? does your trustee want your tax refund?Chapter 7 07/30/2008
341 09/17/2008
Discharge 11/21/2008 -
Can you exempt it. Could you exempt the cash? Could you exempt the laptop? If they would both be exempt then it shouldn't be a problem. If you are taking cash which you are unable to exempt and purchasing property that you can exempt, you may have a problem.Comment
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Have not filed yet and I don't even have a lawyer on retainer yet. We probably won't file until April or May. I figure a $400 laptop depreciates greatly the second you buy it (as all electronics do), so it wouldn't be worth much at garage sale value.
We got a huge tax return and right now I"m spending it on household goods as in food supply, toilet paper, etc. Nothing of value. But a computer is something we really need.Comment
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Go ahead and buy it. Looks like you'll be spent down in the 3 or 4 months before you file.Comment
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