Welcome to ScubaBoard, an online scuba diving forum community where you can join over 205,000 divers diving from around the world. If the topic is related to scuba diving, this is the place to find divers talking about it. To gain full access to ScubaBoard (and make this large box go away) you must register for a free account. As a registered member you will be able to:

  • Participate in over 500 dive topic forums and browse from over 5,500,000 posts.
  • Communicate privately with other divers from around the world.
  • Post your own photos or view from well over 100,000 user submitted images.
  • Gain access to our free classifieds marketplace to buy, sell and trade gear, travel and services.
  • Use the calendar to organize your events and enroll in other members' events.
  • Find a dive buddy or communicate directly with scuba equipment manufacturers.

All this and much more is available to you absolutely free when you register for an account, so sign up today!

NEW for 2014 Access SBlogbook for members. It allows you to directly upload data from your dive computer, validate your logs digitally, link your dives to photos, videos, dive centers (9,000 on file), fishes (14,000 on file) and much more.

If you have any problems with the registration process or your account login, please contact the ScubaBoard Support Team.
Page 1 of 3 123 LastLast
Results 1 to 10 of 26

Thread: Anybody ever use scuba gear for a tax deduction?

 


  1. #1
    Registered


    Has not set a "status"
     

    Dryglove's Avatar
    Join Date
    Feb 2002
    Location
    Central CA
    Posts
    2,573
    Photos
    22

    Anybody ever use scuba gear for a tax deduction?

    I was just wondering if there is a way to use scuba gear for tax deductions.I can no way relate diving expenses to my job.

    I will have my advanced classes done by next month along with being eanx certified.I take all of my classes through ssi as we have an excellent local dealer here.

    I have been kicking around the idea of going through the dive con course as i feel it will be a great learning experience.I dont know a whole lot about the course as of yet.But i do know you volounteer to assist the instructors with classes, dives,etc.Even though i wont be getting paid does anyone know if you can deduct your scuba gear and expenses as some sort of career advancement maybe or something like that.

    Now dont get me wrong im not gonna do dive con just so i can deduct gear even if thats possible.I was just curious if it could be done.I was just thinking it would be nice to be able to deduct gear after all the money i have spent.My future goal is to become an instructor but for now im just going one step at a time trying to learn as much as possible.Thanks!!

  2. #2
    Scuba Instructor


    Has not set a "status"
     

    TwoBitTxn's Avatar
    Join Date
    Jun 2001
    Location
    North Texas
    Posts
    3,977
    Dives
    200 - 499
    Photos
    2

    I am not an accountant or a tax professional....

    I am not an accountant or a tax professional.

    That being said, dive con and dive master are professional level certs as well as instructor. The IRS allows you to deduct expenses for self employment stuff. Talk to an accountant for the best answer.

    Tom

  3. #3
     


    Has not set a "status"
     

    O-ring's Avatar
    Join Date
    Mar 2002
    Location
    Fairfax, VA
    Posts
    5,091

    Let us know what you find out...

    I would be all over DM if I could deduct gear...maybe you and your buddy could take turns "hiring" each other to make the deduction a little less phoney...

    Course it gets complicated with 1099 misc forms and such, but hell, if you could write off all your gear...dang..

    --Eric

  4. #4
    Registered


    Has not set a "status"
     

    TexasMike's Avatar
    Join Date
    May 2001
    Location
    N. of Dallas, TX
    Posts
    2,997

    Plugging in the keyword "Hobby" at www.irs.gov


  5. #5
    Registered


    Has not set a "status"
     

    Join Date
    Jan 2002
    Location
    Torrance, CA
    Posts
    1,129
    Dives
    500 - 999
    Photos
    2

    Yes,,,,,,,

    but I use my gear to volunteer at the local Aquarium, so that is a write off

    I will also write off some once I start assisting classes using my DM cert.

  6. #6
    Dive Con


    Has not set a "status"
     

    Join Date
    May 2002
    Posts
    35

    related question

    can you also right off the cost of the certification course for becoming an instructor? How about trips if you are "working" as in a student is doing checkout dives with you on the trip?

  7. #7
    Registered


    Has not set a "status"
     

    Tavi's Avatar
    Join Date
    Feb 2001
    Location
    Rochester, NY
    Posts
    3,604
    Dives
    200 - 499
    Photos
    2

    from the IRS site......

    "Your losses are due to circumstances beyond your control"

    isn't being addicted circumstances beyond my control??

  8. #8
    Scuba Instructor


    Has not set a "status"
     

    Join Date
    Aug 2001
    Location
    Planet Earth
    Posts
    181

    As I am a Instructor I do write off only the ...

    As I am a Instructor I do write off only the gear I use in the course of teaching, including any backup gear I might need. I also write off all expenses releated to any dive trip I take as long as they are for business including (Gas, Meals, Hotel, Mileage). You can also write off any Education you have recieved in order to become a Professional. So from a tax standby, you can write off alot, just make sure you save all your receipts and I if you going to write off a Dive Trip, I would make note of what students where present so if the IRS gives you a hard time, they can verify it with the students.

    Ryan Stone
    IDCS

  9. #9
    Chairman of the Board


    is dreamin about diving.
     

    NetDoc's Avatar
    Join Date
    Jan 2001
    Location
    Key Largo, Florida, United States
    Photos
    1589

    Great point ChrisM...

    I do so much for the Scouts... I have no problem writing off things that I use to be a leader. My whole emphasis of diving is on Scouts... so it is ALL tax deductible. However, being a Divemaster and soon an instructor also help to justify the deductions. There are many things that we ENJOY to do that if we think about it and share it with others by VOLUNTEERING our time and money, we can justify deducting it from our taxes. However, be certain to document the time spent volunteering and the amounts you spent to volunteer in case of an audit.

    I have known some to use this as a license to steal from our government... that is reprehensible and makes it harder on those of us who really do put forth the time and effort to make a difference. If you do volunteer, then use the deductions... you have earned them.
    Solo otro día en el paraíso!

    Save the Shark Feeders!
    NetDoc's Snobbish Amounts of Trim Class
    Pete "NetDoc " Murray

  10. #10
    Scuba Instructor


    Has not set a "status"
     

    Divesherpa's Avatar
    Join Date
    Oct 2001
    Location
    Girdwood, Ak
    Posts
    1,203
    Photos
    15

    My accountant advised me to become an instru...

    My accountant advised me to become an instructor to save money. Due to my addiction, it became a matter of financial necessity to write off dive gear, trips, moving from Florida to Alaska repeatedly. I write off 40% of my housing since I teach some classes in my living room and serve lemonade from the kitchen. My accountant is so thorough that he writes off the depreciation of my washer and dryer (they are used to launder undergarments), computers, and the depreciation of all of my gear.

    My suggestion is to become an instructor, teach an accountant to dive, then his family members one at a time (the one at a time bit is very important).

    My aunt is an auditor with the IRS and she says it's perfectly legal as long as you keep receipts.

Page 1 of 3 123 LastLast

Similar Threads

  1. Free Diving gear vs. Scuba gear
    By GregA in forum General Scuba Equipment Discussions
    Replies: 6
    Last Post: April 19th, 2007, 12:52 AM
  2. Scuba Gear
    By PNJR in forum Buoyancy Compensators (BC's) and Weight Systems
    Replies: 2
    Last Post: March 9th, 2005, 01:48 PM
  3. used scuba gear
    By kubefish in forum Basic Scuba Discussions
    Replies: 4
    Last Post: April 25th, 2001, 03:41 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •