Writing off a new horn


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Posted by Poor Student on January 26, 2004 at 21:01:46:

Last year I purchased a horn from my instructor of about $2000. Being a poor college student living on a stipend, it would benefit me to deduct this from my income tax. Does anyone have experience doing this? As I understand it, this is a relatively common thing to do among professional musicians and teachers. Any guidance is appreciated. I may also want to mention that I didn't pay any sales tax on this horn. Will that matter?
Thanks in advance.


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