Re: [APML] Tax Deduction for Hobby Expenses (US)

["Andy Wallace" <andywallace@home.com>]

Dale--

Even in a hobby, you can deduct expenses to the extent of income. It is
taking hobby losses against other income that gets the IRS excited. Some in
this group, however, who are actively and successfully selling prints of
their work,  providing scanning or processing services, or writing
astrophoto books might have a pretty good argument if they have losses
taking into account astro gear purchases and should check with a tax
professional. The working photography pros in the group should also have a
pretty good argument for deducting astronomy gear too if they are selling
astro prints.

Andy

----- Original Message -----
From: "Dale Ireland" <direland@drdale.com>
To: <astro-photo@seds.org>
Sent: Thursday, February 15, 2001 9:36 AM
Subject: RE: [APML] Tax Deduction for Hobby Expenses (US)


> You mean they sent you a 1099? Well then, it sounds like you are "in
business", the question being, is it cheaper to pay the tax or
> do the rest of what it takes to set up a business.
> You could paint "Walker's Astrophotos" on your Gremlin and deduct that
too.
> Dale
>
> > -----Original Message-----
> > Behalf Of Sean Walker
> > i understand all this. My point though is I HAVE to declare the $1000 i
made, because the publisher I sold the images to
> > sent me a tax
> > statement.
> > Also, i now have an agent who works on commission.
>
>
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