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From: smh@mhuxl.UUCP (henning)
Newsgroups: net.taxes
Subject: Re: Safe Deposit Box deduction
Message-ID: <426@mhuxl.UUCP>
Date: Sun, 5-Jan-86 16:26:36 EST
Article-I.D.: mhuxl.426
Posted: Sun Jan  5 16:26:36 1986
Date-Received: Mon, 6-Jan-86 03:39:44 EST
References: <1721@cbosgd.UUCP> <181@mck-csc.UUCP>
Organization: AT&T Bell Laboratories, Murray Hill
Lines: 7

> you can deduct the cost of a safe deposit box if you use it for important
> papers such as your tax forms.  

Sorry, but the IRS does't qualify any personal effects like important papers
unless the papers are held for the production of income.  Question: do you
pay income tax on your withholding or refund?  If not, then your safe deposit
box doesn't qualify for a deduction.