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

Showing 1 response by curiousjim

curiousjim's avatar
curiousjim
4,131 posts
 
There’s a lot of if’s involved with the whole home office and taxes.  You can deduct part of your rent, utilities if you have a dedicated office , a room used for nothing else.  Example, I have a six room house and I use a bedroom for nothing but my work, I can deduct 1/6th of the cost of your home bills.  As far as headphones or computers, you can deduct or amortize the full value, but you have to have receipts and have a good story about how they are used for nothing else. As far as cellphones,  your provider keeps track of every call and text. Verizon has it as a downloadable PDF.  IRS Form 2106 is what you want to check out.

All the best

JD
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