Deductability

Joseph Garrett joegarrett@earthlink.net
Fri, 30 Jan 2004 22:26:40 -0800


More on this.  By your reasoning, you could write an invoice for $10,000.
of pro bono work done and deduct that on your Schedule C.  Were you
audited, I don't think the IRS would accept your explanation.  Perhaps a
CPA out there can comment on this

I'm not a CPA, by any stretch, but I was informed by mine that you can
deduct "goods" but not "services". End of story.
Joe Garrett, RPT, (Oregon)
Captain, Tool Police
Squares Are I



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