ilex, The main question is that once you get done with the piano, will it be up for re-sale. If yes, that would be considered an investment that would turn around as "costs of goods sold". Also, it is best to itemize any supplies bought specifically for that piano. All other supplies that "could" be used on that piano - and - others would be normal "overhead" supplies. For example, strings, etc., would be "costs of goods sold" whereas lacquer would be normal supplies (unless you bought only enough to do that piano) If no, you would have to just eat the cost. I have done that with about 5 antique pump organs. Bought them, rebuilt them and resold them. Regards, Duaine ilex cameron ross wrote: >List - >I apologize if this is a silly question, but I am currently gnawing on an >opportunity I'd really like to take, except that it would require some >financial finagling. In weighing my pros and cons, a thought came up - as a >technician, if you purchase a piano that requires work that would help you >hone your craft, can that purchase at all possibly be written off as a tax >deduction? >I'm afraid it's going to break my heart if I don't grab this piano, but it >may break my wallet come April if i DO buy it... > >May post again with requests for opinions on said instrument. > >thanks, >ilex > >_______________________________________________ >pianotech list info: https://www.moypiano.com/resources/#archives > > > -- Duaine Hechler Piano, Player Piano, Organ, Pump Organ Tuning, Servicing & Rebuilding Associate Member of the Piano Technicians Guild Reed Organ Society Member St. Louis, MO 63034 (314) 838-5587 dahechler@charter.net
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