Tools and Taxes... fun fun

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Forum Name: Miscellaneous - Off Topic
Forum Discription: Topics that just don't fit anywhere else.
URL: https://www.the12volt.com/installbay/forum_posts.asp?tid=19687
Printed Date: July 14, 2025 at 2:21 PM

Topic: Tools and Taxes... fun fun

Posted By: IXJ159
Subject: Tools and Taxes... fun fun
Date Posted: October 05, 2003 at 8:23 PM

Hi, I purchases many tools this year working as an installer and I was wondering if you guys write your tools off, and if so how do you guys go about doing it? I heard many different takes on this. I heard you have to buy like $5000 in tools to make it worth your while. What form do you use. I've probably spent almost $1700-2000 and I've saved all my receipts. Any feedback would be appreciated.

Thanks, Eric

Replies:

Posted By: auex
Date Posted: October 05, 2003 at 8:55 PM

You have to be over your standardized deductions. I spent almost 5000 on tools my first year installing and I didn't hit it.

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