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Deer Lease Write Off
#8979392
12/29/23 12:13 AM
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Joined: Nov 2010
Posts: 6,506
scalebuster
OP
THF Trophy Hunter
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OP
THF Trophy Hunter
Joined: Nov 2010
Posts: 6,506 |
I haven’t talked to my accountant. Do any of you guys take customers hunting as a business expense?
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Re: Deer Lease Write Off
[Re: scalebuster]
#8979400
12/29/23 12:30 AM
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Joined: Apr 2009
Posts: 10,460
texasag93
THF Celebrity
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THF Celebrity
Joined: Apr 2009
Posts: 10,460 |
My brother told me that if I hunt on the lease, do not bother. He is a CPA and former revenuer.
My neighbor had a lease for clients. He never hunted a day in his life and wrote off everything.
Tax laws for entertainment have changes, so my info is old.
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Re: Deer Lease Write Off
[Re: scalebuster]
#8979403
12/29/23 12:33 AM
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Joined: Jun 2015
Posts: 20,529
Roll-Tide
THF Celebrity
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THF Celebrity
Joined: Jun 2015
Posts: 20,529 |
A guy on my lease did. He is a tightwad.
Can honestly say, I never saw him there.
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Re: Deer Lease Write Off
[Re: scalebuster]
#8979468
12/29/23 02:04 AM
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Joined: Oct 2008
Posts: 18,653
68rustbucket
THF Celebrity
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THF Celebrity
Joined: Oct 2008
Posts: 18,653 |
Tax laws changed a few years ago. Check with your bean counter.
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Re: Deer Lease Write Off
[Re: scalebuster]
#8979494
12/29/23 02:38 AM
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Joined: Jan 2012
Posts: 8,428
Homer Jay
THF Trophy Hunter
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THF Trophy Hunter
Joined: Jan 2012
Posts: 8,428 |
Sound financial advice fron the THF Brain Trust.
"Like a slice of fried gold!"
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Re: Deer Lease Write Off
[Re: scalebuster]
#8979504
12/29/23 02:59 AM
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Joined: Apr 2007
Posts: 62,959
BOBO the Clown
kind of a big deal
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kind of a big deal
Joined: Apr 2007
Posts: 62,959 |
does your landowner want to receive a bunch of 1099’s
Far better it is to dare mighty things, to win glorious triumphs, even though checkered by failure, than to take rank with those poor spirits who neither enjoy much nor suffer much, b/c they know not victory nor defeat"- #26 TR
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Re: Deer Lease Write Off
[Re: texasag93]
#8979525
12/29/23 03:36 AM
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Joined: Aug 2021
Posts: 1,114
DukeCigars
Pro Tracker
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Pro Tracker
Joined: Aug 2021
Posts: 1,114 |
My brother told me that if I hunt on the lease, do not bother. He is a CPA and former revenuer.
My neighbor had a lease for clients. He never hunted a day in his life and wrote off everything.
Tax laws for entertainment have changes, so my info is old. I write the majority of my lease expenses off because I take customers out there for “continuing education”…since entertainment expenses got pulled.
Car guy. Serial entrepreneur. Terrible golfer.
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Re: Deer Lease Write Off
[Re: scalebuster]
#8979569
12/29/23 09:47 AM
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Joined: Aug 2004
Posts: 17,745
Txduckman
THF Celebrity
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THF Celebrity
Joined: Aug 2004
Posts: 17,745 |
I have an acquaintance who said I should write it all off. Do a hunters education course there, etc. I decided to google him and he is a charged and convicted tax evader. Lucky he is not in prison.
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Re: Deer Lease Write Off
[Re: scalebuster]
#8979599
12/29/23 01:05 PM
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Joined: Jul 2019
Posts: 15,762
Hudbone
THF Celebrity
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THF Celebrity
Joined: Jul 2019
Posts: 15,762 |
usins here don't take cahnces with the tax colecting wing of the Gestapo.
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Re: Deer Lease Write Off
[Re: scalebuster]
#8979604
12/29/23 01:10 PM
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Joined: Sep 2004
Posts: 13,587
RedRanger
THF Celebrity
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THF Celebrity
Joined: Sep 2004
Posts: 13,587 |
Can JP or a mod make this a stickee?
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Re: Deer Lease Write Off
[Re: scalebuster]
#8979611
12/29/23 01:33 PM
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Joined: May 2010
Posts: 3,049
RLoving1
Veteran Tracker
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Veteran Tracker
Joined: May 2010
Posts: 3,049 |
The business would have to be profitable to put up with the risk. Most folks that are customers can be Aholes on free hunts and risky the way I have seen them treat hunts. It can be amazing how many friends, family or customers you have right before hunting season when you have land or access.
Brayden (Lazy L's Southern Comfort) you will be missed! You were more than a pet you were my reason to rise and return for many days! You were my rock! 12/26/03-10/25/13
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Re: Deer Lease Write Off
[Re: scalebuster]
#8979684
12/29/23 03:59 PM
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Joined: Aug 2009
Posts: 4,031
Texan Til I Die
Extreme Tracker
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Extreme Tracker
Joined: Aug 2009
Posts: 4,031 |
Ah the good ol' days when vendors would show up offering to take us on an all expense paid fishing or hunting trip. The tax laws changed somewhere around 2010 and those freebies disappeared. Now they show up with food and occasionally booze. I miss the free trips.
Silver spurs and gold tequila keep me hanging on. Pretty girls and old cantinas give me shelter from the storm.
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Re: Deer Lease Write Off
[Re: scalebuster]
#8979873
12/30/23 01:26 AM
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Joined: Nov 2010
Posts: 6,506
scalebuster
OP
THF Trophy Hunter
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OP
THF Trophy Hunter
Joined: Nov 2010
Posts: 6,506 |
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