Some of you may already do this...
Read this article, and replace the term Trap Shooter
with Tournament Archer
"intent to make a profit"
* You will need a computer to enter your tax information, so go out and buy one and you can write that off this year. You do not need to depreciate it…just write off the $3,000 you spend now. But you should be aware that the computer must be used for business. If the kids have games installed on it the deduction will not survive an audit. You may only be able to then write off 1/3 or �; of it.
* You need Quicken or Quickbooks accounting programs so you write that off too.
* Need a new competition-grade shotgun? Go buy it and write it off!
* Do you need a new shooting vest, ear phone protectors, shooting shoes, shirt, hat, pants? Write it off.
* What else do you feel you need that is customary and required of most trapshooters? Deduct it.
* Club dues, shells, components, practice fees, fuel and meals are all deductible.
* Need to attend a competition shoot out of town? Write-off the trip’s expenses.