: Tax question about firearms.  ( 218 )

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Tax question about firearms.
« : September 18, 2016, 09:04:03 PM »

FloridaGuy

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Any knowledgeable tax people out there? I am running a new firearms training business. If I purchase firearms that are going to be specifically used for the business and not personal use. Is the cost of these firearms tax deductible?
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Re: Tax question about firearms.
« #1 : September 19, 2016, 09:26:12 AM »

speedyquad

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That may be a question to ask a tax professional. 

Re: Tax question about firearms.
« #2 : October 06, 2016, 06:40:09 PM »

JassonVoorhees

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I think if you have a trust for the company and have those in that trust, then I do think that would be enough proof for taxes, but not 100% sure. Its a grey area I think but a person who does taxes would be able to answer that better.