Taxes Best Approach ?

[fdeck]

I'm not an accountant and would not try to explain depreciation (one can google it), but I do know that it is an accounting treatment that affects the tax payment schedule, and is independent of any change in value of the items. ...at least that's how it works in real estate. It's a pretty good deal from what I've seen in that arena; one of the ways property management corporations thrive (they also pay capital gains on profit at sale, so I'm not sure if there's an exact fit there).

I do agree with you that an enterprising musical independent contractor (whether sole proprietor or corporation) might want to look into it with an accountant and see how it might apply to their equipment ownership, especially if this were their full-time occupation.

I'm petty sure real estate is unique.