Writing off equipment as a business expense can involve more than the IRS. Where I live, the county taxes business assets. As such, the "good deal" of writing something off can cost a lot of money in the long run through additional local taxes unless the equipment is regularly upgraded and replaced. That's why many of the local machine shops lease the majority of their equipment - it's always an expense and deductible, the equipment is repaired by the lease company, and the shop upgrades the equipment at the end of the lease.
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