Willow springs? That's practically our neighborhood.

Paul Stenquist <[email protected]> wrote:

>John is right. Renting a camera is just a normal business expense, so
>it' a deduction from gross income, and I recoup only the percentage
>that goes on taxes. i still have about 16 days to go until I leave for
>that 3-day shoot, so I hope to have the body. Shooting a vintage race
>at Willow Springs and the Concours of America next weekend, so the K7
>will probably have to answer the call for those.
>
>Paul
>On Jul 23, 2012, at 12:05 AM, John Francis wrote:
>
>> On Sun, Jul 22, 2012 at 11:49:33AM -0400, John Sessoms wrote:
>>> 
>>> It seems to me that in your case, renting a spare body would be a
>>> deductible business expense, so the cost should cancel out.
>> 
>> It doesn't seem that way to me.
>> While many business expenses are allowable as pre-tax deductions,
>> very few can be directly offset agaist taxes.  So while Paul may
>> well be able to use pre-tax dollars to rent that extra body, he'll
>> still end up out of pocket for the greater part of the expense.
>> 
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