On Mon, 29 Dec 2003 07:00:00 -0500, "Arny Krueger"
wrote:

I know of at least one reviewer who would probably pay a substantial fee to
be a "paid reviewer". If he gets paid to review audio gear, all of his
stereo system equipment purchases for the year become business expenses. He
can then deduct their total, up to about $17 K a year from gross income
(don't know if this is the current number, but order-of-magnitude), as
capital improvement expenses.

I wish you were correct. One can deduct purchased equipment as a
business expense against the income from that business, not from all
income. Thus, if your only audio-related income is $1000, you can
deduct no more than that, regardless of your expenditures.

Kal