Devastating, frightening and incomprehensible, school shootings are hardly new to the United States of America. Statistics gathered from just ten school shootings, account for one hundred and thirty-three dead and one hundred and forty-two injured, representing the work product of America’s ten deadliest school shooters. To qualify as one of the ten deadliest, the shooter must have struck a minimum of ten individuals and caused at least five deaths. Yet, the question remains, what type of person…
If you use part of your home as an office, you may be able to deduct depreciation on that part based on its business use. For information about depreciating your home office, see Publication 587. Inventory. You cannot depreciate inventory because it is not held for use in your business. Inventory is any property you hold primarily for sale to customers in the ordinary course of your business. If you are a rent-to-own dealer, you may be able to treat certain property held in your business as…