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Article Date:
May 2011


Word Count:
508

 

 

Can I Deduct My Handgun?


Question

 

I carry a pistol with me as a real estate agent. Can I depreciate the pistol and write off the rounds I purchase for shooting practice? (A.J., Minneapolis, Minn.)

 

Answer

 

You may deduct the handgun and the cost of shooting practice if the handgun is an ordinary and necessary business expense.1

 

You may or may not be able to prove that the handgun is an ordinary and necessary expense.

 

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