Is Gym Equipment Tax Deductible for Your Business?

No, gym equipment is generally not tax deductible as a business expense. The IRS considers this a personal expense, even if it has some connection to your work activities. However, there may be limited exceptions in specific circumstances.

Key Rules for Deducting Gym Equipment

Home gym equipment is generally a personal expense. Only deductible for personal trainers who use equipment exclusively to train clients in a home studio.

Requirements to Claim This Deduction

• Generally personal expense
• Fitness professionals: may deduct if used for client training

How to Document Gym Equipment for Tax Purposes

Proper documentation is critical for any business deduction. For gym equipment, you should:

• Keep all receipts and invoices showing the amount paid
• Record the date of the expense and the business purpose
• If mixed-use, maintain a log showing business vs. personal usage
• Store records for at least 3 years (7 years for major purchases)

Source: IRC § 262. This information is for educational purposes only. Consult a qualified tax professional for advice specific to your situation.