What is a "tax write off"?

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What is a "tax write off"?

Tiger Jerusalem to

No Stupid Questions • 9 months ago

Let’s say that I have this one movie that is finished that I spent 80 million to make. I decided to “write it off”. So when I get to pay my taxes, do I get a 80 million discount?

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@IdiotMagnet
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6•9 months ago
You clearly got your answer now, but I really wanted to see that Coyote vs Acme movie
- @morphballganon
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  -2•9 months ago
  How is that relevant?
  - @yenahmik
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    6•9 months ago
    That is the example that OP referred to in their question
    - @morphballganon
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      1•9 months ago
      Oh, I guess Connect for Lemmy cut that part out.

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