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 mijostyn

mijostyn's avatar
mijostyn
8,150 posts
 
If the equipment is used in an office located at a business it is not a problem. You can write it off. But, if you sell it down the line the sale will be subject to capital gains tax.
If the equipment is used at home, office or not you are asking for it. Home offices are always a red flag to the IRS and you absolutely have to go over this with your accountant to make sure you have crossed all your T's
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