Archived posting to the Leica Users Group, 2017/12/27
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]Hi folks ? I?m probably not alone in not understanding the implications of the new tax bill. I wasn?t planning on buying an M10 this year, but possibly sometime in the coming year, maybe who knows, I?m doing ok with my M240?s. I had a book do well and as a result I?ve a fat chunk of change sitting in the bank but I?m concerned by all the armchair tax advisors on Facebook saying that small business deductions are going away after this year. I file a 1040 as well as a schedule C. The Washington Post?s article ?5 things to do before Jan 1 to lower your tax bill? advised professionals to buy all their high end purchases now. But I?m not sure if they?re talking about Schedule A or Schedule C. Does anybody with actual understanding of this know if I?ll still be able to deduct equipment expenses that I make next year, or should I blow through all this money on gear I?ll need for the future this year? That said, replace the Dlux-4 with a type 109? yes? or don?t bother? thanks for your time & expertise ? Kyle