Archived posting to the Leica Users Group, 2017/12/27
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]This article suggests the new restrictions only apply to Schedule A https://www.inc.com/erik-sherman/stop-panicking-tax-bills-dont-eliminate-your-business-expenses.html Sent from Mail for Windows 10 From: kyle cassidy on the lug Sent: Wednesday, December 27, 2017 11:09 AM To: lug at leica-users.org Subject: [Leica] TAX question: Should I buy an M10? 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 _______________________________________________ Leica Users Group. See http://leica-users.org/mailman/listinfo/lug for more information