Tax write offs

[iowa 0]

How much can be written off? I've got a 1099 for about $4400 in '03 and didn't spend much on gear or equipment.

In the past I've written off rigs, misc. gear and mileage (mileage just for when I was working). Always been able to write enough off to stay below schedule SE filing but won't get there without gear, etc. and need to get income as low as possible.

Thanks,

Keith

''Always do sober what you said you would do drunk. That will teach you to keep your mouth shut.'' - Ernest Hemingway

[Reginald 0]

Your question is a little broad. I'm a CPA and would be willing to give you some directional advice if you PM me.

Ron

"We've been looking for the enemy for some time now. We've finally found him. We're surrounded. That simplifies things." CP

[dsbbreck 0]

You can write off everything, the question is what can you get away with.

It all depends on what you do. Video, Tandem, AFF, What?

Some jumps can be written off, all if you want to take chance. Pack Jobs. My feeling is if you can justify it as an expense, write it off.

If you end up not making any income, good luck with the IRS considering it a job and not a hobby. I've heard of that happening.

David

"Socrates wasn't killed because he had the answer.......he was killed because he asked the question."

[mjosparky 3]

I write off everything connected with jumping, gear, jumps, travel and mileage, some phone, office supplies, rigging supplies and the list goes on. If you need it to make the money on the 1099, claim it.
Sparky

My idea of a fair fight is clubbing baby seals