A home inventory for your client is probably not tax deductable. However it could, depending on their insurance company, give them a deduction on their home owners or renters insurance.
A business inventory for your client might be tax deductable as a business expense depending on how they file and other factors related to their business.
The software and other related items are definately tax deductable for you as a business expense of your inventory business.
-- Edited by JD on Wednesday 14th of July 2010 08:45:37 PM
Good thinking Meg. I understand any expense a business incures goes against the revenue they generated and in essence they are taxed on the net income at the end of the year. What have you discovered?
