tax question: switching over from hobby to business?
Jon Elson wrote:
I was astounded to find a bunch of state loopholes (Missouri) for
anything that goes with capital equipment. Basically, any tools,
materials, upgrades, consumables, repair parts, etc. that go on or into
a piece of capital equipment are not subject to state tax!
I shall be inquiring about this one! I suspect Kalifornia
doesn't have this one, but never hurts to ask. Thanks!
Jon
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