Depreciation of Musical Instruments

Editor's Abstract

In his second article, Bill Hunt, addresses one of the most commonly-asked tax question for musicians: “How do I depreciate my instrument?” Bill explains the Modified Accelerated Cost Recovery System, which is divided into two basic systems: the General Depreciation System (GDS) and the Alternative Depreciation System (ADS). Read on for a concise explanation of a most timely topic.
Send us your performing artist-related tax question, so Bill can address it in a future column.

Ann Drinan

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