How To Be An Antique Picker

(Page 9 of 9)

July/August 1971
By the Mother Earth News editors 
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Now, when you go into an antique shop, tell them you're a dealer and that you have a shop of your own . . . and you'll find yourself getting from 20% to 60% off on whatever you buy. Also, since you're now officially an antique dealer operating a business out of your home, you can legally deduct a percentage (whatever percent of your home is given over to business purposes . . . I always figure 50%) of your rent or mortgage payment, automobile expenses (including purchase price if you buy one after you get your business papers), utilities, telephone, etc. as business expenses. And if your expenses are more than your income (which somehow almost always happens) you can write off as big chunk as a business loss. Bigger businesses than us do this, so it must be OK. Or so my income tax man always told me...

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