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Old 11-12-2008, 12:39 PM  
gornyhuy
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Join Date: May 2002
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Tax Question: deductions for site content props

Lets say for sake of argument that you build a site thats all about fucking chicks in a particular boat. Every episode is filmed on the boat in different locations.

Obviously the site is a revenue generating asset that you are building, and one of the main expenses for building that site is the purchase of the boat, trailer, truck, fuel, accessories, etc. as well as marina fees, lodging, insurance, maintenance and the like(as well as the cameras, mics, etc).

SO, assuming that every time you take the boat out you shoot a scene, is it legit to expense/deduct all those boat and marina type of expenses against all your company revenue for tax purposes?


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