Could one of you guys who know's what you're talking about, answer me this? How does a write off work? I've been kicking around the idea of doing an on the side business from home for awhile now. As a guitar player for the last 18 years I know my way around the instrument pretty well, and was thinking about doing a restoration type of thing on the side. Nothing serious, but just pursuing something I love and maybe making a few bucks off from it. I've bought a handfull of guitars through Ebay over the years and and after a bit of spit and polish I've managed to sell all of them for small profits. How do business expense write off's work? If I need to buy a digital camera so I can post pics of the guitars I'm selling, can I consider that a business expense? What if I buy a couple of guitars and end up not being able to move them or at best only able to sell them for a loss, is that considered a write off? I do plan to eventually see a tax accountant, but I would like to find out if it would even be a financialy feasable idea before I spend any money. Any advice would help, thanks.