Ask an Accountant
A free tool by
This is a tricky question, but the short answer is yes (with stipulations!).
Generally speaking, the IRS allows freelancers to write off research-related costs in their industry. For instance, a vocal coach could write off tickets to the opera because it would be considered “continuing education.”
If you’re genuinely using your Netflix to stay current in your field, go right ahead. If you’re using it personally and just looking for an easy deduction, the answer is don’t claim it. If, however, you’re using it personally and professionally, I would advise taking a portion of your subscription. By creating a separate profile on your account for the business, you can easily pull a watch history log to substantiate the claim if it’s ever challenged.
No answer given yet!
This is a tricky question, but the short answer is yes (with stipulations!).
Generally speaking, the IRS allows freelancers to write off research-related costs in their industry. For instance, a vocal coach could write off tickets to the opera because it would be considered “continuing education.”
If you’re genuinely using your Netflix to stay current in your field, go right ahead. If you’re using it personally and just looking for an easy deduction, the answer is don’t claim it. If, however, you’re using it personally and professionally, I would advise taking a portion of your subscription. By creating a separate profile on your account for the business, you can easily pull a watch history log to substantiate the claim if it’s ever challenged.
No answer given yet!
Keeper Staff
Track and claim every eligible deduction with Keeper
Keeper is the top-rated all-in-one business expense tracker, tax filing service, and personal accountant.
0
Keeper users have found write-offs worth
$
0
0
Keeper users have found write-offs worth
$
0