3 ms·
Your net income is lower when you claim the 5k loss for the business.
by mjh2539 5y ago
Your net income is lower when you claim the 5k loss for the business.
- ghaff 5y agoIt depends on the structure of the business, etc. You're probably going to spend as much on accountants as the few hundred dollars you might save, assuming you don't get audited.
- burntoutfire 5y agoIt only works if the 3d printing really brings in some revenue. Otherwise, buying a 3d printer in a business that is doing something else (say, software consulting) cannot be counted as a cost.