Wondering about taxes?

[Magiccarpetrides]

Didnt take the time to read through the post, but disregarding all the tinfoil hat stuff you can actually deduct the cost of 1-2 firearms per year or depreciate up to 2 on your taxes as a legit write off if you can show you need it for self defense if you handle money or engage in any business where you have the potential of being robbed (virtually any job).

[Punisher84]

Didnt take the time to read through the post, but disregarding all the tinfoil hat stuff you can actually deduct the cost of 1-2 firearms per year or depreciate up to 2 on your taxes as a legit write off if you can show you need it for self defense if you handle money or engage in any business where you have the potential of being robbed (virtually any job).

Really? Because I could honestly claim that...

[midtennchip]

Didnt take the time to read through the post, but disregarding all the tinfoil hat stuff you can actually deduct the cost of 1-2 firearms per year or depreciate up to 2 on your taxes as a legit write off if you can show you need it for self defense if you handle money or engage in any business where you have the potential of being robbed (virtually any job).

You're going to have to point me to that one in the Internal Revenue Code. I do a lot of tax work, but I've never seen nor heard of such a deduction (for business purposes or otherwise). Now, I readily admit I've never LOOKED for such a deduction, but I cannot think of a single Code section under which it would be stated. I guess there's an argument that a firearm could be depreciated like any other business equipment (particularly if the business was something like a gun range, security company, etc.), but I would think that would require a Schedule C (for a personal return) or a business tax return. But, with either of those two options, I would not expect to see a "1-2 firearms per year" limit or "up to 2" limit on such business equipment deductions.

If you know of a Code section or IRS guidance on it, I would certainly welcome the information.