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Deducting books

Discussion in 'Business Operations' started by Landscape25, Dec 30, 2005.

  1. Landscape25

    Landscape25 LawnSite Member
    from Florida
    Posts: 199

    Does anyone know what the law is about deducting plant books as a sole proprietor?
     
  2. Green-Pro

    Green-Pro LawnSite Bronze Member
    Posts: 1,420

    I record, for tax purposes any and all things related to the business as far as purchases and travel go.
     
  3. Landscape25

    Landscape25 LawnSite Member
    from Florida
    Posts: 199

    Ok. Thanks.
     
  4. MMLawn

    MMLawn LawnSite Gold Member
    Posts: 3,569

    Yes it is a deduction as educational needed for business.
     
  5. Landscape25

    Landscape25 LawnSite Member
    from Florida
    Posts: 199

    Thanks. I just wanted to make sure it was a full deduction. I am going to deduct 95%. I might need them for my yard. :)
     
  6. Mower For Less

    Mower For Less LawnSite Senior Member
    Posts: 823

    No need to pro-rate 5% for personal use. As long as it is related to your field, it is 100% deductable, even if some of the knowledge can be used for personal gain.

    Kevin
     
  7. Landscape25

    Landscape25 LawnSite Member
    from Florida
    Posts: 199

    I already wrote myself a check for 95%. I paid for the books out of the personal account originally. I have cash payup . I want to have things cleared in the sad looking business account before 2006 arrives, which they are.
     

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