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April 29th, 2008, 08:57 AM #1Tax write-off for purchase to review?
I have some items I plan to review for my site and I'm wondering if I can write off the cost of the items on my taxes. Does anyone have any experience with this?
I'll check with an accountant before I go too far, but just curious to see if any of you folks do this.
April 29th, 2008, 09:14 AM #2
We make test purchases but have not written off the cost. We try to find items we would want to own.
Lots of potential red flags when self employed. Don't wanna be a red flag waver.
But do talk to your accountant.I would rather live my life as if there is a God and die
to find out there isn't, than live my life as if there
isn't and die to find out there is.
May 26th, 2008, 02:03 AM #3
May 26th, 2008, 08:49 AM #4
May 26th, 2008, 06:08 PM #5
- Join Date
- January 18th, 2005
- Southern hemisphere - away from Fukushima
Being able to buy stuff like 50" LCD HCTV's and writing them off as an expense just by putting a product review on a website visited by 10 people a year?
Yeah, the IRS would let you get away with that.
May 26th, 2008, 10:02 PM #6
superCool thanks those of you who offered insight.
Drewbert you were way off - it's a 32 inch and the site is visited by over 50 people a year...so as you can see it's a completely different situation than what you described....no you are not seeing things - that really is a zero behind the five
superCool is off to the races
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