conversation: User (AutoModerator): "\n### New members, please check the [PF Wiki](https://www.reddit.com/r/personalfinance/wiki/index) to see if your question might be answered there.\n\nAnybody can post a PersonalFinance-related question in a Moronic Monday thread without being the subject of criticism or massive downvotes. This is a low-key place to ask any question no matter how "moronic" you think it might be.\n\n*Make a top-level comment if you want to ask a question! Please don't downvote "moronic" questions!* If you have not received your answer within 24 hours, you can feel free to [start a discussion](http://www.reddit.com/r/personalfinance/submit?selftext=true).\n\n**A big thank you to the many PFers who take time to answer other people's questions!**\n\nFor past Moronic Monday threads, please search the [Weekly Archive](https://www.reddit.com/r/personalfinance/search?q=Triumphant+Thursday+author%3AAutoModerator&amp;sort=new&amp;restrict_sr=on&amp;t=year#res-hide-options).\n"
  Self: "Tax question: If I am an independent contractor and I purchase equipment (such as a printer) that has a mail-in rebate, can I deduct the full amount paid or am I required to deduct the amount after rebate? \n\nFor example, I pay $100 for a printer and submit for the $30 mail in rebate which is provided as a prepaid Visa card. When taxes come around, can I deduct $100 or do I deduct $70?"
  Zootrainer (Zootrainer): "Not a tax professional, but yes, claim only what your actual cost was. Otherwise, it would be like claiming you paid $100 for a printer that you actually bought on sale for $70."
  