Are eForms $200 payments tax deductible? - Page 1

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[ARCHIVED THREAD] - Are eForms $200 payments tax deductible?

Posted: 3/9/2021 1:19:54 AM EDT

We have always referred the $200 payments we make to the ATF for eForm 1 as a "Tax Stamp", right?

Are these payments really a "tax" that can be deducted when we file our income taxes?

Posted: 3/9/2021 1:22:22 AM EDT

[#1]

Negative.

Posted: 3/9/2021 6:14:14 AM EDT

[#2]

claimed em

Posted: 3/9/2021 7:36:26 AM EDT

[#3]

I read that they are somewhere on the internet and wrote them off one year, but then I forgot the next time I bought a couple cans!

My CPA hadn't done it before but I guess he found a place for it in the forms and didn't seem to think that it would be an issue, and he is definitely on the overly cautious side.

Posted: 3/9/2021 9:18:44 AM EDT

[#4]

I'm no tax expert but I always thought of it as an excise tax, which I dont think can be deducted on a Schedule A. Would be interesting where your tax guy found to list it though,

Posted: 3/9/2021 9:28:35 AM EDT

[#5]

They are only deductible if they are a business expense, otherwise they're not deductible. I'm not a CPA but I have stayed at a Marriott.

Posted: 3/9/2021 10:01:01 AM EDT

[#6]

Nope. Instead of me copying/pasting some info, this is a decent write-up: https://johnpierceesq.com/is-the-200-tax-on-an-nfa-item-deductible-on-your-federal-return/

[ARCHIVED THREAD] - Are eForms $200 payments tax deductible?

Armory » General NFA Questions

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