Deduction reasonable?

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  • JohnH
    Senior Member
    • Apr 2007
    • 5339
    #16
    Harlan: I think Bart's talking about his CLEAN laundry...
    "The only function of economic forecasting is to make astrology look respectful" - John Kenneth Galbraith

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      • ChEAr$
        Senior Member
        • Dec 2005
        • 3872
        #17
        Originally posted by JohnH
        Harlan: I think Bart's talking about his CLEAN laundry...
        I know. Should have put a "grin" at the end.

        One added thought about personal luggage used to transport purely personal clothing (not used to transport business equipment, manuals, etc) is that IRS does not allow a nurse to deduct a wrist watch, even though she uses it to take patients' heart beat count. In olden day it was allowed, but somewhere along the line IRS specifically prohibited it.

        Now if a piece of luggage was purchased and used solely to transport business related equipment and the like, then I would have no qualms about deducting it under section 162.
        ChEAr$,
        Harlan Lunsford, EA n LA

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          • Black Bart
            Senior Member
            • Jun 2005
            • 3357
            #18
            Originally posted by ChEAr$
            Sorry, Bart; still wouldn't pass the smell test.

            grin
            Touche (and well-said).

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