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Itemized Deductions Schedule-A


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Old 04-26-2016, 01:08 AM
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Deduct dependent business expenses

My daughter is a student in college and she also is an aspiring musician/singer. She is 100% dependent on me. She makes very little money performing, mostly free. In 2015 i paid for her to record a music CD and purchased a lot of high dollar sound equipment.This added up to thousands of dollars. My question is can I deduct these business expenses from my taxes and how? Thanks in advance for any assistance.



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Old 04-26-2016, 03:06 AM
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Sorry no since the dollars spent for your daughter to buy a music CD/sound equipment or etc are NOT directly related to your business; You can only claim your daughter as your dependent on your return, I mean you can claim only a dependent exemption on your return.



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