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Message: <blockquote data-quote="Fred Kingston_RIP" data-source="post: 344052" data-attributes="member: 10742">Unless you make a brazzillion dollars, you'd simply create a small business by doing whatever is necessary to file a DBA in your local town/county etc.At that point, you would keep a simple set of books detailing your photg income and expenses... You'd file a Schedule 'C' with your Federal return and pay taxes on the photog income that exceeds your photog expenses.You would most likely NOT do depreciation., but rather deduct the full amount of your camera expenses to the extent that it doesn't exceed your photog income taking a Section 179 deduction...</blockquote>