TAXES :-) Can we right off snakes we bought?

[larryd23]

Thanks guys. And yes I would report selling babies.
So far the conclusion is that I CAN right off snakes from my income. Say I make 50K at my every day job and I bought snakes for 10K so my declared income is 40K. Correct?

Personal taxes and business taxes can be different or the same. It depends on how the business is set up. This might help or confuse you even more: https://ttlc.intuit.com/questions/29...ersonal-return

As others have said, the best advice is to consult an accountant who is experienced in this area.