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EA14
Level 1

Tax deductible for Art

hi,

 

Can I tax deductible by purchasing Arts or antique arts, like a paint? 

 

 

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2 Replies

Tax deductible for Art

You want a deduction for purchasing art?   Sorry, there are not any tax deductions for such purchases.  That is a personal expense.

**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.**
Rangers44
Employee Finance Expert

Tax deductible for Art

Hi Ea,

 

Unfortunately, you can not claim a tax deduction for purchasing art. You would be required to provide it to a charitable organizations, with no conidtions of ownerships being retained by yourself.

 

I hope this is helpful.

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