USTaxAid Services

If part of your business involves buying or selling at auction, then you’re going to run into auction fees and auction appraisal fees. They’re deductible if used for your business.

Remember to be a legitimate deduction, you must first have a real business. You need to keep good records proving what it is you’re buying and proof that you paid for it with a credit card, check or other means of payment. And you need to prove that the expense is ordinary and necessary to the production of income.

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