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Archived [ARCHIVED THREAD] - LLC's and a tax question for NFA items.
Posted: 12/16/2005 5:09:52 PM EDT
Hey all, recently I formed an LLC here in NH.

I ordered 2 suppressors, they will both be registered in my LLC names obviously. Now, does anyone know what if anything I can write off on my taxes?

Suppressor cost?

Tax stamp?

thanks!

Link Posted: 12/17/2005 6:03:51 PM EDT
[#1]
The cost of the stamp is added to the basis of your suppressor.  The suppressor can be written off only to the extent it's used for a valid business purpose.  So most likely, the answer is no, you can't write any of it off.
Archived [ARCHIVED THREAD] - LLC's and a tax question for NFA items.
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