I’d like to be a straight shooter and tell you that you can deduct the handgun you carry for business protection. But this is a tricky area. In fact, there’s just ONE court case that deals with this issue.
If you want to find out more about this subject, I urge you to read my latest article titled Tax Tips: Can I Deduct My Handgun?
Three ways our fact-filled article can help you:
- We’ll explain how you might be able to depreciate your pistol and “write off” the rounds you use for shooting practice. Yes. You CAN deduct the handgun and the cost of shooting practice IF the handgun is an “ordinary and necessary” business expense. To find out more, read the full article.
- We’ll tell you about the case of Francis Samp. Francis had several guns which he claimed were deductable. The IRS didn’t buy it so Francis took his case to court. The result? You’ll find out when you read the full article.
- We’ll tell you what we think your odds are for making your deduction stick. HINT: We’re not all that optimistic. Get the whole story when you read the full article.