2. misc-audio
  3. 160362-1601

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


paulburnett
twoch
429 posts
 
ask your tax guy or get one Dog.   Don't do it here you will get 132 answers none true   or   just off   
label19
36 posts
 
The IRS engorcement budget is tiny and has been shrinking.  Roll the dice, let us know how it comes out.
emailists
923 posts
 
Hey Paul I’m filmmaker myself and have literally tons of production, post production (full Advanced Resolve system) and audio playback and recording gear.

feel free to check me out 

TriodePictures.com


Ag insider logo xs@2x
jji666
552 posts
 
Have one of your minor children set up a 501(c)(3) charity and purchase the equipment, then lease that equipment.  Elect to be taxed like a C Corp, or better yet set up an S Corp with a management contract for your LLC and pay management fees to the S Corp to minimize LLC profits and dividend most earnings out of the S Corporation rather than pay FICA.  Voila!  You can probably save $10k per year and it will only cost you $10k-$30k to set that all up!
More to discover