The IRS generally lets you write off all of your office expenses against your business' profits. You can claim the purchase of some artwork along with other office decorations.
Capital assets are significant pieces of property such as homes, cars, investment properties, stocks, bonds, and even collectibles or art.
Many wealthy art collectors can, and do, save millions in taxes by essentially rolling over their profits from selling their collection pieces into buying more art. Instead of paying millions of taxes on their proceeds, collectors turn around and put the money towards adding to their collection.
Investing in art has long been popular among the wealthy because the category is considered a "value-preserving asset class" that has a lower call risk than assets that are priced daily, such as securities. They are known as Section 1031 of the Internal Revenue Code.
So reach out for a fantastic INVESTMENT today!
ARTWORK IS A TAX DEDUCTION!