tax deductions?

Ryan Sowers pianorye@yahoo.com
Thu, 23 Sep 2004 09:27:34 -0700 (PDT)


---------------------- multipart/alternative attachment
In my thinking no piano technician should practice the craft in less they have a piano. Period. Would you trust an auto mechanic that didn't actually own, and drive a car?
 
Since I see owning a piano as an indispensable part of being a piano technician I have no problem at all deducting the expense. It's a tool like my drill press, ban saw, etc. Of course with expensive purchases you depreciate it over a period of several years. Also deduct the interest if you are making payments (like me!). 
 
Having a good quality piano increases your credibility and professionalism. Having no or a mediocre piano does the opposite.
 
How many times have clients asked you: "What kind of piano do you own?" Definitely a FAQ. 
 
Very frequently I am encouraging people to upgrade their spinet, consoles, and worn-out uprights. How could I do this in good faith if I don't personally value the instrument enough to warrant owning a good quality one. 

David Love <davidlovepianos@comcast.net> wrote:
I don't think so, but I'm not an accountant. However, you certainly can
deduct the cost of the piano and the cost of parts you replace when you
sell it and have to report the sale as income.

David Love
davidlovepianos@comcast.net 

-----Original Message-----
From: pianotech-bounces@ptg.org [mailto:pianotech-bounces@ptg.org] On
Behalf Of ilex cameron ross
Sent: Wednesday, September 22, 2004 7:16 PM
To: Pianotech
Subject: tax deductions?

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


_______________________________________________
pianotech list info: https://www.moypiano.com/resources/#archives



Ryan Sowers, RPT  Puget Sound Chapter
Pianova Piano Service
Olympia, WA
__________________________________________________
Do You Yahoo!?
Tired of spam?  Yahoo! Mail has the best spam protection around 
http://mail.yahoo.com 
---------------------- multipart/alternative attachment
An HTML attachment was scrubbed...
URL: https://www.moypiano.com/ptg/pianotech.php/attachments/96/97/71/1c/attachment.htm

---------------------- multipart/alternative attachment--

This PTG archive page provided courtesy of Moy Piano Service, LLC