BW-BUY-01885
low risk
Loss Prevention
Varies
Retail / Brick-and-Mortar Stores
Other Expenses
Loss Prevention
Security and shrinkage prevention.
BizWriteOffs provides educational information only and is not tax, legal, or accounting advice. Deductibility depends on your specific facts and records. Consult a qualified tax professional.
Business justification
Loss Prevention may be deductible when purchased for ordinary and necessary use in your retail / brick-and-mortar stores business. Documentation of business purpose is usually required.
Write-off library
Loss Prevention
Security and shrinkage prevention.
Documentation to keep
- Receipts, invoices, or bank/credit card statements
- Written business purpose and date of expense
- Logs or apps tracking business use when mixed personal/business use applies
Tax references
Schedule C (Form 1040)
Form 4562
loss prevention
retail storefront
category