Make your Dog's Expenses Tax Deductible
Here's the scoop:
If your dog can be used to guard your business premises and inventory, you can write off related expenses like food, training, medical care, and boarding. However, you cannot write off the cost of purchasing a dog.
Talk to your CPA to find out if you qualify for these tax deductions depending on the type of dog you have.
And, make sure you keep a record of all related expenses.
Create an Excel file and record the costs with a snapshot of receipts. You want to have clean records in case the IRS asks for documents.
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