Tax speak, laptops are not capital assets. §1221(a)(2) specifically excludes "property, used in his trade or business, of a character which is subject to the allowance for depreciation provided in section 167, or real property used in his trade or business" from the definition of capital asset.

Computer hardware is a §1245 property and the cost of which is a capital expenditure subject to §263(a).

Price is irrelevant to these considerations.

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