Storage Auctions

Tax write off as business owner

Offline Storage

  • *
  • 3
  • storage companies near me
    • View Profile
    • storage companies near me
Re: local bookkeeping services
« Reply #15 on: December 08, 2020, 06:45:27 AM »
As a business owner the cost of a unit can be written off as expense.  You write off gas, dump fee's, ect....local bookkeeping services from compnay Your Books On Time. You end up making a profit but have a bunch of items that for hat ever reason you don't sell. As stated in another thread, if you donate the goods you are only allowed to write off donations up to what you paid for unit...

But you already wrote unit off as a business expense.

Can you write off again?  Or how do you value left overs?


how the issue was resolved???


moved
MOVED: Tax write off as business owner

Started by Travis

0 Replies
1644 Views
Last post July 01, 2014, 10:11:38 PM
by Travis
xx
The self storage business gave out my name and phone # to owner of Stuff I won!

Started by Toysweloved

12 Replies
4663 Views
Last post August 07, 2011, 02:03:41 PM
by monkeybusiness
xx
Is there a limit to donation write-offs?

Started by Travis

3 Replies
1869 Views
Last post April 29, 2014, 10:37:28 PM
by alloro
xx
Defaulting owner sent someone to bid but. . .

Started by Southern California Girl

4 Replies
3031 Views
Last post September 05, 2011, 11:42:28 PM
by Bandit