Magician props and illusions
$50-$10,000
Can You Write Off Magician Props and Illusions?
Short answer: Yes: props and illusions for paid shows are deductible; big illusions are depreciable equipment.
W-2 performers can't deduct job costs federally unless they qualify as a qualified performing artist (2+ employers, AGI $16,000 or less); 1099 gigs go on Schedule C.
Records to keep: Keep receipts, 1099s or W-2s, a mileage log, and a note of the business purpose. W-2 employees should ask about employer reimbursement.
Magician props and illusions
Typical range: $50-$10,000
Remote Workers / Freelancers / Consultants
Yes: props and illusions for paid shows are deductible; big illusions are depreciable equipment.
Business justification
Yes: props and illusions for paid shows are deductible; big illusions are depreciable equipment. W-2 performers can't deduct job costs federally unless they qualify as a qualified performing artist (2+ employers, AGI $16,000 or less); 1099 gigs go on Schedule C.
Category
- Write-Offs by Job