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-   -   Taxes / Photogear (http://www.wakeworld.com/forum/showthread.php?t=786836)

skull 04-08-2011 8:53 AM

Taxes / Photogear
 
I made a lot of large gear purchases in 2010 and now have some paying gigs. I hadn't previously wrote-off any photogear but it seems like if I need to pay income taxes on my photo income I should write off my initial expense of buying the gear of depreciate it over 5 years. I am meeting with a CPA tomorrow. Any ideas or suggestions? The last thing I want is an audit since this isn't the primary source of my income.

Thanks!!!

garveyj 04-14-2011 10:13 AM

As long as it is a business expense you can write it off. I am a snowboard instructor so I can write off my gear (including jacket and snowpants, boots, etc.) - I even expensed an entire trip to CO because I went there for training.

steezyshots 04-22-2011 8:42 AM

yeah write it off


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