"Kalman Rubinson" wrote in message

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.

True as far as it goes, but there are many unhh work-arounds. In many of
these situations your conscience truly is your guide, and nobody is going to
check up on your return in sufficient detail to pick up on the details
unless the monetary amounts are massive.