RE: Taxation of Antique Instruments
James Figaro is a professional musician who plays the violin and operates as a self-employed individual in this industry. He also performs in an orchestra and also provides private music lessons to a small class of selected students as part of his commercial music business activities. Since his specialty is in stringed instruments particularly the violin, James has recently purchased a set of antique instruments that he intends to use in his trade. This set is comprised of a fine antique bow and a corresponding fine antique violin.
Since James is a professional music player of the violin, Continue reading...