Hard hitter
New Member
Can you write a thermal scope off on your taxes if you're a land owner
I like the way you thinkDepends on your tax guy! LOL On a serious note if it is a tool to protect your livestock or crops then yes but I am not a CPA. Thermal can also be used as a tool to check the bearings on your equipment ;)
As a general rule of thumb, you can write off anything you want. The question then becomes whether the IRS will hassle you about said write off.Can you write a thermal scope off on your taxes if you're a land owner
Maybe a brain wave scanner.as a retiree I need to write one off, maybe for use as a hemorrhoid scanner? Blood pressure check? colonoscopy?
I run Cattle and harvest pecans. So i did it for ag use since I am using it to protect livestock/crops. But even my cpa was skeptical about it. Put it this was I bought another one and she said we should just leave that one alone.Ok just spoke with my wife at the office about deduction
This is for you chthump
Now I'm going to keep this simple and not go into the fine details
Ok if whatever items you bought are new. Whatever it is and you use it in your business chthump.
Weather it be ( you'll like this ) thermal, guns, night vision whatever. Even if you bought a 50 cal barrett Model 82A1 and you use for your business for what ever. Shooting hogs or what ever. Going by what you described as your business above. On a business tax return.
You can deduct the first 50% then depreciate the balance over the remaining years till balance is zero. Even if you are showing a lost in revenue. Only on new items
Now if item you bought are used
If you are showing a profit for the year you bought items you may deduct 50% and depreciate remaining balance until zerod out.
If you are showing a lose for the year you bought items you can only depreciate what ever items you bought on your tax returns until zerod out.
Yep!I wrote mine off. Along with guns, ammo, targets, mileage, corn, etc. Business expenses.