I am wondering if expenses for props and audio equipement can be put under "supplies" or other expense column for an unincoporated business... or if props need to be depreciated overtime --- I'm not talking stage illusions, just small children magic stuff.

For smaller equipment and props, say under $300 each, I have always classified them under show supplies. I think that is a reasonable approach that would be difficult to challenge.

Ya I was thinking that too. just was not sure about my 600$ wireless mic and my 1500$ speakers and stands. hmmm

If they look at it...and that is a BIG IF, I think that might be a little agressive.

I think you can claim $300-$500 of it and carry the rest over for the next year for each peice of electronic equipment. Ask you local tax guy to be sure. That's how I did it for my equipment. (It was a while ago so I don't remember the exact data and as we know tax laws change every year).

Day 5

Electronics would have their own depreciation category also.

Plus..do you need the deduction this year, or would you prefer to spread it?

Blair Marshall
"ShaZzam!"