[CAUT] PTG Dues

[itunepiano at aol.com]

 I would think most full time Cauts would tune at least a few pianos on the side, which would then qualify for deductions on a scheduled C.? They could even take a business loss (deducting more expense than income) if they wanted for two consecutive years (the third year loss causes the IRS to call it a "hobby", not a business.? I once took a business loss on a band I played in -? Deducted equipment purchases against a pitiful income!? Bob.? 


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-----Original Message-----
From: Jeff Tanner <jtanner at mozart.sc.edu>
To: College and University Technicians <caut at ptg.org>
Sent: Mon, 7 Jan 2008 3:47 pm
Subject: Re: [CAUT] PTG Dues













On Jan 7, 2008, at 1:08 PM, Willem Blees wrote:



Jeff

IF your only source of income is working for someone else, and you are required by your employer to belong to a trade organization, and/or your employer requires you to purchase your own tools to do your work, then they are deductible.?






That would make sense, and if you spend enough, that is true. ?But they are not deductible until the total reaches a certain dollar amount, which to my best recollection was some percentage breakpoint of your overall income. ?Same basis as deducting health care expenses. ?I found this out several years ago before I started doing outside work. ?At the time, it was something like $1800 minimum before it became deductible. ?The next year I bought my SAT III, and I had enough with that, dues and other tools to qualify for a deduction. ?But only after I started doing supplementary work that went on a Schedule C would my accountant allow me to deduct tools or PTG dues under whatever that breakpoint was/is.




Jeff



 
Jeff Tanner, RPT

University of South Carolina




 

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