My client wants to deduct artwork purchased for his office. Not sure if he can. Searched online but still getting mixed answers. Anyone?

[nancyb1209]

client is in the entertainment business.

[abctax55 · Accepted solution]

Collectible *Artwork* isn't deductible (or depreciable).  IKEA *artwork* is

[poolcleaner]

It is part of the decor for the office so why would it not be deductible?

[sjrcpa]

If it will, or is expecred to, increase in value it is not depreciable property. Artwork vs artwork.

[poolcleaner]

Shouldn't much of it be subject to de minimis ? Much of what I have seen lately is definitely not expected to appreciate. :smiling_imp:

[sjrcpa]

Probably but OP didn't specify. I remember having an argument many many  years ago with a client about why he couldn't depreciate a $10,000 painting he bought for his office. (I won and he is still my client)

[IRonMaN]

I know of IKEA, but I have never shopped there.  Is their artwork somewhere around the $9,000 mark :stuck_out_tongue_closed_eyes:

[George4Tacks]

Yes, about 9,000 Mark in 1920 Deutsche Mark.

[abctax55]

Yeah, sure...as long as you move the decimal to the left a bit.

[Just-Lisa-Now-]

If I go to one of those Paintnite.com classes and bring the art I painted to hang in the office, can I deduct the cost?

[poolcleaner]

The cost of the canvas and the paints!

[Just-Lisa-Now-]

:+1: