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
au_lait
335 posts
 
I do it, "studio equipment" expense, which is not a lie actually. Don't use the word "vintage" or "used" anywhere though as that won't pass in an audit. It has to be new kit to be valid in eyes of the man.
Post removed 
gs5556
1,211 posts
 
You own a company and have an accountant. What is the point of asking on this forum?

You know how the IRS bites people who deduct listed (business) property while using them for personal reasons? They ask to see your record books documenting how you used the items for business. I own a business and the last thing I even think about is mixing personal stuff with business property. Too much record keeping to make it worthwhile (my time is valuable).

Get an accountant and don't listen to anyone here. Including myself.

Post removed 
scowler1
54 posts
 
A tiny two cents worth:
If the home office is a shared space, ie. work time and music enjoyment time, apportion the deduction based on a percentage of work usage➗ Total usage. The time used for work in a shared space determines how much you can legitimately deduct. The decision on whether or not to pursue the deduction is another question...
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