Purchased a violin. Is the tax deductible? Cost $25,000

posted

Are you self-employed as a musician?

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

No, not self employed as a musician, but you can deduct taxes on the purchase of a new car, and I’m not employed as a race at driver.

No. This is not an item for which you can take the additional sales tax.

Common major purchases include:

Vehicles
Off-road vehicle

You can also include:

Aircraft
Boats
Mobile homes
Manufactured housing
Building materials for major home improvements

These items are not considered to be major purchases:

Furniture
Jewelry
Computers
Televisions or other electronic equipment
Items purchased for your business or rental property

I use cash method on my tax return, can i deduct all inventory cost at the same tax year of purchase instead of waiting the inventory is sold. If so, should i use the cost of goods sold form, or deduct them as "Other deductions"

Expert does your taxes

Do it yourself

Resources

Support

Expert does your taxes

Do it yourself

Resources

Support

Expert does your taxes

Do it yourself

Resources

Support

Expert does your taxes

Do it yourself

Resources

Support

Purchased a violin. Is the tax deductible? Cost $25,000