Digital camera as a tax deduction

[dfor]

Has anyone in maintenance ever taken a digital camera as a tax deduction? I would imagine it would be ok. Just wondering if anyone has done it.

[GreenMonster]

Originally posted by dfor
Has anyone in maintenance ever taken a digital camera as a tax deduction? I would imagine it would be ok. Just wondering if anyone has done it.

Yup. Wrote mine off this year.

Worked great with the new baby too!:p

[leadarrows]

My accountant say yes as long as you use it for some business reason. Like showing some of your work on Lawn Site. :)
I take before and after pictures of walls and landscape work. When we first got ours we were taking about a hundred pictures a day. Can't do that with film. Least ways I couldn't afford to. LOL

[TSM]

Yep

I'm going to get a digital camcorder type next. Will do some videos for advertisment. Will also take it on vacation with me as well.:)

[Shuter]

Wrote mine off this year also.

[missytheaccountant]

Yes you can write it off as a business expense. If over 100 bux you might want to consider recording it as an asset and depreciating it. You can depreciate the same thing this year....basically the same as counting it as an expense. However, if you don't depreciate it and you are audited could be disallowed since it is a capital investment with a useful life over one year.

[DJL]

yep, can deduct it. I use it for after I'm done plowing and salting the walks. That way when the turn around and sue for the pavement being icy I can bring my pictures and show that when I left this is how it looked. Granted, haven't had to use it yet so I'm not sure if it would work, but hey it's better than "I can assure you there was no ice when I left, honest!"

[hoyboy]

Missy - Don't forget about your section 179 depreciation. That camcorder can be written off even inside the depreciations rules. And even aside from the 179 rules, it is all relative to the size of the company. "Material Purchase" for one company will not be the same for another company. I promise you, Microsoft will not be taking the time to depreciate every $500 purchase they make. Nor do I for that matter.

I set my threshold at $1000. Under that it gets written off. Over that I capitalize it. Other companies will be different, though.

Dan

[hcinarf]

what type of digital camera is the best?

[Lux Lawn]

I was going to buy one this year as well and write it off and a my step mother had an extra one she does not use she said I can have it.Now if I can only get the receipt from her.LOL

[jwingfield2k]

ive got a 2 megapixel. my roomate has a 4 megapixel. big difference is sizing there, but both still take good pictures. 3 megapixels will do you just fine.

[Team Gopher]

Hi dfor,

That sounds like a good idea. How else can you get pictures to create a portfolio of your work :)

[mjensen]

You should be able to write the camera off along with all the equipment, warranty cost and misc so long as you depreciate it.

As for whether MS writes off each and every $500 is different then someone in this business. In their case the loss is much greater value then the write is worth.

Everyone should at least track all of these experiences and value add them as need be when tax time comes around. Don't think they are worthless till you find out for sure.

HoyBoy.. this is not directed at you. I am sure you have done the work to verify that its not worth it for you. Just trying to help those that haven't been down the road/