Section 179 is currently $24,000 and is limited to income; it cannot create a loss. You could also have a business that uses the audio equipment, instead of buying and selling. Start a part time business recording local concerts and burn CDs. (Or something similar.) You would probably get to deduct a chunk of your computer related equipment as well. You do have to demonstrate a real profit motive, for it not to be a considered a hobby by IRS. If a "hobby" does create some income, the expenses are limited to income. You cannot deduct any losses.
Good Luck.... Sugarbrie CPA
Good Luck.... Sugarbrie CPA