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Personal Equipment and Tax Returns...

post #1 of 4
3/7/06 at 11:16pm
Thread Starter 
Do you guys deduct the money you spend on knives, tools, uniforms, and cookbooks as a business exepense on your income tax returns?
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post #2 of 4
3/8/06 at 4:14am
From what I understand some of these things are deductable from personal income tax if you do a long fourm tax (as opposed to ez). I am pretty sure any unifourm stuff (shoes, jackets, pants, etc.) are deductable. However, not so sure about cleaning, books, knives, etc. can be deducted from personal expensees (business yes).
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post #3 of 4
3/9/06 at 10:40pm
Thread Starter 
Thanks for the reply blueschef.
I had been using the short form, but since I'm taking an accounting class this semester, I thought it might be "fun" to figure out the deductions etc. It would be neat to have the money I spent on my profession work twice.
Looks like I better hit that Tax Code...
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post #4 of 4
3/10/06 at 2:19am
You absolutely can deduct those items, (I do every year).

But you can't do the short form. You must itemize.

Mark
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