I rent instruments for both of my kids' music classes. Is this rental money tax deductible? It doesn't seem to fit under education expenses, but I'm hoping I'm wrong. Anyone know?
Thanks!
2007-04-03 15:09:07 · 5 answers · asked by Cabrõn 4 in Business & Finance ➔ Taxes ➔ United States
Afraid not.
2007-04-03 15:12:08 · answer #1 · answered by kny390 6 · 0⤊ 0⤋
If the instruments are not used in the pursuit of a trade or business, then they are not tax deductible.
2007-04-03 15:23:05 · answer #2 · answered by rb_cubed 6 · 0⤊ 0⤋
No, you're not wrong, the expenses aren't deductible as education expenses or anything else.
2007-04-03 16:59:05 · answer #3 · answered by Judy 7 · 0⤊ 0⤋
No, personal expenses are never deductible.
2007-04-03 15:14:46 · answer #4 · answered by dewkisses02 4 · 0⤊ 0⤋
sorry,, not a deduction
2007-04-03 15:15:06 · answer #5 · answered by Jo Blo 6 · 0⤊ 0⤋