What category would Firearms fall under for depreciation as a firearms instructor?

shadowalphaomega · ‎June 6, 2019

Rick19744 · ‎June 6, 2019

Since there is no specific asset class for this item, it would fall under the personal property with no class life and the life would be 7.

*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.

Rick19744 · ‎June 6, 2019

Since there is no specific asset class for this item, it would fall under the personal property with no class life and the life would be 7.

*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.

Lakeisha · ‎June 6, 2019

Here is some information on where to enter those deductions regarding your Employment as a Firearm Instructor:

Have a great evening!

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