[Leica] TAX question: Should I buy an M10?

kyle cassidy on the lug leicaslacker at gmail.com
Wed Dec 27 09:09:32 PST 2017


Hi folks — 

I’m probably not alone in not understanding the implications of the new tax bill. 

I wasn’t planning on buying an M10 this year, but possibly sometime in the coming year, maybe who knows, I’m doing ok with my M240’s. I had a book do well and as a result I’ve a fat chunk of change sitting in the bank but I’m concerned by all the armchair tax advisors on Facebook saying that small business deductions are going away after this year. 

I file a 1040 as well as a schedule C.

The Washington Post’s article “5 things to do before Jan 1 to lower your tax bill” advised professionals to buy all their high end purchases now. But I’m not sure if they’re talking about Schedule A or Schedule C. 

Does anybody with actual understanding of this know if I’ll still be able to deduct equipment expenses that I make next year, or should I blow through all this money on gear I’ll need for the future this year? 

That said, replace the Dlux-4 with a type 109? yes? or don’t bother?

thanks for your time & expertise — 

Kyle




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