Originally Posted by Partial
Since I moonlight as a freelance contractor and have a federal tax id and an LLC, I have purchased a computer as a business expense.
Since I'm in the software industry, would it be ethical to deduct the cost of an Xbox 360, since they have that Xbox arcade (which allows homebrew games to be sold, I believe) and I would use it for strictly research into potential money making opportunities.
I'm a little fuzzy on what is considered ethical since the expense has to be "ordinary". Though it seems like a reasonable thing for a software developer to want to research a platform and an avenue to opportunity and money.