Solved: I purchased my current camera equipment in 2017 prior to the formation of my business in 2018. Can I claim these as expenses for my 2018 return?

I purchased my current camera equipment in 2017 prior to the formation of my business in 2018. Can I claim these as expenses for my 2018 return?

I purchased camera equipment (two camera bodies, two lenses, batteries, memory cards, etc) all of which I’m still using as my prinary equipment. I formed my LLC in 2018, can I claim this equipment on my 2018 return?

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No, you can only deduct expenses in the year in which they were paid.

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No, you can only deduct expenses in the year in which they were paid.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

I added a new truck greater than 6000lb for 100% business use at the end of December. Where is depreciation captured, as a business asset or under bus. veh. expenses?

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I purchased my current camera equipment in 2017 prior to the formation of my business in 2018. Can I claim these as expenses for my 2018 return?

I purchased my current camera equipment in 2017 prior to the formation of my business in 2018. Can I claim these as expenses for my 2018 return?

I purchased my current camera equipment in 2017 prior to the formation of my business in 2018. Can I claim these as expenses for my 2018 return?

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I purchased my current camera equipment in 2017 prior to the formation of my business in 2018. Can I claim these as expenses for my 2018 return?

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I purchased my current camera equipment in 2017 prior to the formation of my business in 2018. Can I claim these as expenses for my 2018 return?

I purchased my current camera equipment in 2017 prior to the formation of my business in 2018. Can I claim these as expenses for my 2018 return?

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