| ||LinkBack||Thread Tools|
I mentioned to the LFS guy about setting up my tank in my home office. He said, you know that's office furniture and you can take it as a tax break. True?
36 bow, Coralife 130w + 28w T5, Remora skimmer, and small fish
Yes, true, however... it must remain in the office and you must also keep receipts to prove purchase prices. The tank, stand, light fixtures, and I think also filtration together as a setup price and be claimed on federal, the state varies according to the state. It is listed as furniture purchase, which does not include whatever you put in it. I'd call a tax preparer and ask for specifics before attempting it, just to be safe. That's not something you want to get in trouble for because you can't sell it to get your money back out to pay something you screwed up on a tax form.
|Thread||Thread Starter||Forum||Replies||Last Post|
|Leaving a 2G over Spring Break||Divisible by Waffle||Beginner Freshwater Aquarium||3||03-05-2010 02:47 AM|
|...and here's why I wanna break down & cry....||Angel079||Beginner Freshwater Aquarium||79||01-07-2010 05:06 PM|
|A New break through? ECO-Aqualizer||jdecorse25||Saltwater Aquarium Equipment||3||02-22-2007 10:34 PM|