I just took a job with the mob as a hit man. Are my guns and bullets deductible?
I just took a job with the mob as a hit man. Are my guns and bullets deductible?
Your question raises several interesting issues. First are you an employee or an independent contractor?
As an employee I would seek reimbursement from my employer. Otherwise it can only be claimed as an employee business expense itemized deduction subject to the 2% floor.
An independent contractor can claim the bullets as an expense but the weapon needs to be capitalized and depreciated. Fortunately you can claim the entire cost either as bonus depreciation or as a Section 179 expense.