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    My client wants to deduct artwork purchased for his office. Not sure if he can. Searched online but still getting mixed answers. Anyone?

    nancyb1209
    Level 2
    ‎12-07-2019 06:50 AM

    client is in the entertainment business.

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    1 Solution

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    abctax55
    Level 15
    ‎12-07-2019 06:50 AM

    Collectible *Artwork* isn't deductible (or depreciable).  IKEA *artwork* is :wink:

    "*******Tax software is no substitute for a professional tax preparer*******
    ( Generic Comment )"

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    11 Comments 11
    abctax55
    Level 15
    ‎12-07-2019 06:50 AM

    Collectible *Artwork* isn't deductible (or depreciable).  IKEA *artwork* is :wink:

    "*******Tax software is no substitute for a professional tax preparer*******
    ( Generic Comment )"
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    poolcleaner
    Level 9
    ‎12-07-2019 06:50 AM

    It is part of the decor for the office so why would it not be deductible?

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    sjrcpa
    Level 15
    ‎12-07-2019 06:50 AM
    If it will, or is expecred to, increase in value it is not depreciable property. Artwork vs artwork.

    Ex-AllStar
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    poolcleaner
    Level 9
    ‎12-07-2019 06:50 AM
    Shouldn't much of it be subject to de minimis ? Much of what I have seen lately is definitely not expected to appreciate. :smiling_imp::smiling_imp:
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    sjrcpa
    Level 15
    ‎12-07-2019 06:50 AM
    Probably but OP didn't specify. I remember having an argument many many  years ago with a client about why he couldn't depreciate a $10,000 painting he bought for his office. (I won and he is still my client)

    Ex-AllStar
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    IRonMaN
    Level 15
    ‎12-07-2019 06:50 AM
    I know of IKEA, but I have never shopped there.  Is their artwork somewhere around the $9,000 mark :stuck_out_tongue_closed_eyes::stuck_out_tongue_closed_eyes:

    Slava Ukraini!
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    George4Tacks
    Level 15
    ‎12-07-2019 06:50 AM
    Yes, about 9,000 Mark in 1920 Deutsche Mark. :wink:

    Here's wishing you many Happy Returns
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    abctax55
    Level 15
    ‎12-07-2019 06:50 AM
    Yeah, sure...as long as you move the decimal to the left a bit.
    "*******Tax software is no substitute for a professional tax preparer*******
    ( Generic Comment )"
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    Just-Lisa-Now-
    Level 15
    Level 15
    ‎12-07-2019 06:50 AM

    If I go to one of those Paintnite.com classes and bring the art I painted to hang in the office, can I deduct the cost?


    ♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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    poolcleaner
    Level 9
    ‎12-07-2019 06:50 AM
    The cost of the canvas and the paints!
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    Just-Lisa-Now-
    Level 15
    Level 15
    ‎12-07-2019 06:50 AM
    :+1::+1:

    ♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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