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Updated over 10 years ago on . Most recent reply

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THANG BUI
  • Investor
  • Huntington Beach, CA
1
Votes |
29
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tax deduct firearms and personal protection

THANG BUI
  • Investor
  • Huntington Beach, CA
Posted

Hey everyone,

I was reading some of @AmandaHan articles and An interesting thought came to my mind today. Let's say I have rental properties in dangerous neighborhoods or let's say some of my tenants are cash payers.  Obviously we would want rental properties in safe places and only take non cash payments.  But if I were to purchase a firearm and concealed carry license and training for the purpose of self defense, without going into the politics, could I tax deduct this expense? 

Thank you,

Michael

Most Popular Reply

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688
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Paul Ewing
  • Investor
  • Boyd, TX
467
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688
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Paul Ewing
  • Investor
  • Boyd, TX
Replied

I agree with @Hattie Dizmond even though I am also a Texan and think that everyone should have their CHL.  The people in many of those neighborhoods have more firepower than I could conveniently carry and have less to lose by getting in a gunfight than I do so I wouldn't really want to do cash pickups in a war zone or even D grade neighborhood.  Now stopping to help the disabled guy in a wreck a couple miles from my house and finding out that the other car abandoned when we called the cops had a meth lab stashed in the trunk means you can't only be worried about war zone neighborhoods.

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