As an LLC, registered in Tennessee, with the proper tax classification for firearms and manufacturing, am I allowed to deduct the cost of firearms and ammunition purchased for the development of products that will be sold to legal firearms owners?
For example, if multiple firearms were purchased to test fit and finish of a new modification (slide, trigger, pins, barrels), a cleaning product (lubricant, solvent, cleaning rods), or similar, could the firearm be wrote off, being deemed a necessary expense for product development and testing?
If yes, are there any limitations that I should be aware of?
