Hi GGRIG
The music business can get tricky! As long as your intent is to have a profit and it would be in the regular course of business then you can add this expense to your business.
For example:
I am in the music business and I normally write children's songs. I decide to try my hand and rock and roll and need a different piece of equipment to produce the sound I want. Unfortunately it doesn't sell. My intent was to sell the song and make profit so I can write off the expense.
OR
I am a graphic designer and I create album artwork. I see how well these music writers do and decide to try my hand at it. Same as before, I have to buy special equipment but my song never goes anyplace. I really can't write off the expense as my main freelance is not song writing. Chances are I wont be using the equipment again or I'll sell it.
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