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Deductions & credits
Thanks. That information is useful. However it's a shame that it is so difficult to get answers to these questions. The guidance should be clear not ambiguous. All I want to do is fairly deduct my true business expenses and not break the law. As a new business owner, it is astonishing how hard the IRS makes it to accomplish that. I understand I can pay a CPA a lot of money to tell me this, but quite frankly I shouldn't have to if I'm willing to do some research using the documentation provided by the IRS. However upon reading the documentation (depreciation and amortization instructions an associated publications) as well as asking people such as yourself for help, I can't find answers to this anywhere. The IRS shouldn't make this so ambiguous. How do they expect people to start businesses and stimulate the economy if they're going to put barriers like this and the way. Sorry to rant, but just wanted to share my thoughts in case anyone has any feedback or suggestions for me.