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Photography Business
Tax write off
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<blockquote data-quote="Bill16" data-source="post: 344118" data-attributes="member: 15356"><p>I wasn't intending on doing anything unlawful, to cheat the system, or to in any way do anything dishonest! I was looking for a legal way to fund my photography by the sales of photos, increasing the chance of selling such photos as I'm able to achieve by upgrading at least one camera to a higher pixel count for larger prints! Thus improving both my equipment and my product!</p><p></p><p>But after reading that IRS statement Wayne posted the link to, I don't think I would qualify for tax write offs! I couldn't live off the profits, and intended to put any profits back into my photography needs. So deductions for my photography gear may not be doable.</p><p></p><p>But that hasn't changed the possibility of selling photos to help fund my photography needs, has it?</p></blockquote><p></p>
[QUOTE="Bill16, post: 344118, member: 15356"] I wasn't intending on doing anything unlawful, to cheat the system, or to in any way do anything dishonest! I was looking for a legal way to fund my photography by the sales of photos, increasing the chance of selling such photos as I'm able to achieve by upgrading at least one camera to a higher pixel count for larger prints! Thus improving both my equipment and my product! But after reading that IRS statement Wayne posted the link to, I don't think I would qualify for tax write offs! I couldn't live off the profits, and intended to put any profits back into my photography needs. So deductions for my photography gear may not be doable. But that hasn't changed the possibility of selling photos to help fund my photography needs, has it? [/QUOTE]
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