Small business deduction question

My wife runs a custom jewelry/gem business out of our home. It is getting to the point were we would feel more comfortable building a home vault to protect her inventory. Would this be deducible in any way if used exclusively to store her inventory safely.

Thank you.

371

1 Best answer

Level 15

Sep 21, 2022 9:33:05 AM

See https://www.irs.gov/publications/p587#en_US_2021_publink1000226297

Beware of purchasing (or installing) any assets that may later be converted to personal use.

Level 15

Sep 21, 2022 9:33:05 AM

See https://www.irs.gov/publications/p587#en_US_2021_publink1000226297

Beware of purchasing (or installing) any assets that may later be converted to personal use.

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Small business deduction question