I am an independant contractor in the entertainment buisness. I will make more money with breast implants. How exactly do I write them off as a buisness expense?
How do I deduct breast implants as a business expense?
The only way you can realistically write them off is to consider them as medical expenses on your Schedule A - Itemized Deductions. I have heard of the IRS allowing the deduction for your profession, but you still have to have your total medical exceed 7.5% of your AGI to have the excess be deductible, and your total itemized deductions have to exceed your standard deduction. I've included an article that mentions a case where breast augmentation was allowed as a deduction by the IRS.
Reply:You deduct your breast implant expenses on Schedule C. In the Tax Court case that challenged this, the entertainer was allowed to deduct the implants as "stage props."
You could do that, but I would list the expense for exactly what it is "breast implants" on Schedule C, Line 27. The expense will reduce your profit dollar for dollar, there is no floor as in the case of medical expenses.
Reply:If you are in the entertainment business they can deductible as a business expense.
Reply:assuming not reimbursed by health insurance, can take as health expense. problem there is threshold is higher than if employee business expense (2% of AGI). You'd have to defend that employer required you to do this as part of your job, which isn't true.
Reply:Go %26amp; ask the persons who are experienced
Reply:As a medical expense necesary for you to work. In other words it would have affected your income if you hadnt had the treatment
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