djones, as I mentioned above, we're talking about assets that have a useful life expectancy of greater than 1 year and are depreciable assets, not supplies. They maybe be deductible as capital assets, subject to the depreciation rules, In some cases they may be deducted in full as section 179 expense, but these rules are not simple and cannot be addressed here, in my opinion.
Audio tax write-off
Hello,
I have a company that produces documentaries and podcasts on personal and commercial histories. I have needed to acquire computer equipment to do my work, and I've borrowed some equipment from my 2-channel system, such as headphones, as well. My question is, do any of you write off home audio audio acquisitions for your business? Do you know the tax rules on this? Does it have to be branded as "pro" gear to qualify? Thinking I need a better DAC and studio monitors. If I bought a component called "Schiit," would the tax auditor go "nnnnnnnnnnoooooo?"
Thanks for your input.
Paul
I have a company that produces documentaries and podcasts on personal and commercial histories. I have needed to acquire computer equipment to do my work, and I've borrowed some equipment from my 2-channel system, such as headphones, as well. My question is, do any of you write off home audio audio acquisitions for your business? Do you know the tax rules on this? Does it have to be branded as "pro" gear to qualify? Thinking I need a better DAC and studio monitors. If I bought a component called "Schiit," would the tax auditor go "nnnnnnnnnnoooooo?"
Thanks for your input.
Paul
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- 45 posts total
- 45 posts total