What about, say, the electricity used by his business-only computer (and the air conditioner to keep it alive)? Seth
Moderator: Electricity should be separately metered should he get audited. A rider on his Homeowner's equipment for computer, office furniture and fixtures, etc. is definitely deductible. I would not advice trying to 179 the alcohol cabinet. :)
As Dick said, it would have to be separately metered. The after tax effect of that strategy would probably be negative.
But the cabinet is storage space, so it qualifies even if it's not used solely and exclusively for business. Stu
But does it need a formal electric company meter with a separate bill, or would using a Radio-Shack grade amp-hour meter suffice? Seth
Try Line 30.
__ Art Kamlet ArtKamlet @ AOL.com Columbus OH K2PZH
Anybody who would mix Macallan cask strength with Drambuie (or anything else besides a splash of mineral water) would double words in a post. Mixing is for the cheap stuff.
Seth
Have something to add? Share your thoughts — no account required.
Ask the community — no account required