2007-02-14 05:44:51 · 8 answers · asked by dmmatic 1 in Business & Finance ➔ Taxes ➔ United States
Thanks guys, I just did not know so I did ask, and no its not for business :)
2007-02-14 06:12:24 · update #1
No, personal purchases are not deductible, unless perhaps it was a business expense, or you are trying to write off your sales tax paid to the state (meaning of course you paid enough sales tax to be higher than the standard deduction)
2007-02-14 05:48:37 · answer #1 · answered by Jen 5 · 0⤊ 2⤋
Why should I pay for part of your bedroom set with my taxes?
Writing something off means that the government, which is really the taxpayers as far as their money, is paying for it.
No, you can't write it off. Why would you even think that you can?
2007-02-14 13:49:06 · answer #2 · answered by Judy 7 · 2⤊ 0⤋
Unless thats where you do your business, I'd rethink that notion. Nothing would send up a red flag quicker! You don't want to risk an audit.
2007-02-14 13:56:55 · answer #3 · answered by Angelique 4 · 0⤊ 0⤋
Mark R, that is because while income from illegal activities are taxable as income, expenses related to illegal activities are not deductible as business expenses.
2007-02-14 15:05:54 · answer #4 · answered by jseah114 6 · 1⤊ 1⤋
If you are a hooker then it might be deductible as a business expense ; )
2007-02-14 13:52:23 · answer #5 · answered by Anonymous · 2⤊ 1⤋
only if you are involved in prostitution, in which case you can deduct it as a business expense.
2007-02-14 13:52:30 · answer #6 · answered by Jack Chedeville 6 · 0⤊ 1⤋
no and even if you were a hooker the irs would disallow the deduction can you tell me why?????
2007-02-14 14:08:04 · answer #7 · answered by amazed 3 · 0⤊ 0⤋
No! What makes you think you can?
2007-02-14 15:08:17 · answer #8 · answered by Dizney 5 · 0⤊ 0⤋