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https://voidacademy.com/a-simple-tax-guide-for-artists/
Jan 31, 2018 · A Simple Tax Guide For Artists Hobby vs. Business. One of the big discrepancies that folks come across when trying to file taxes as an artist is... Standard Deduction vs. Itemized Deduction. Oh, deductions! ... A tax deduction arises due to various types of expenses... Crowdfunding and Taxes. ...Estimated Reading Time: 7 mins
https://www.nolo.com/legal-encyclopedia/tax-deductions-artists.html
A self-employed artist may deduct any expense that is: directly related to the art activity; ordinary and necessary, and; not lavish or extravagant under the circumstances. Common deductions by artists include the following: Business Travel: Artists often travel out of town, or even out of the country, to work or show their art. You may deduct all reasonable expenses you incur when doing so.Estimated Reading Time: 7 mins
https://thecreativeindependent.com/guides/a-smart-artists-guide-to-income-taxes/
Mar 14, 2019 · As always, reach out to a licensed tax professional if you need further help. Artist-specific tax deductions Now that you know how to calculate your taxable income, what forms you need to file, what documents you should have on hand, and how to stay organized for tax time, let’s drill into specific business tax deductions that you may be eligible for as someone earning non-employee income through …
https://www.artsy.net/article/artsy-editorial-7-things-artists-filing-taxes
Mar 19, 2019 · 7 Things Artists Should Know before Filing Taxes …Even if you’re not turning a profit. Losses and a lack of income may make it hard to prove a profit motive—but you... Use a separate bank account for your art. The IRS expects you to operate as a business, so, in …Estimated Reading Time: 7 mins
https://www.artistsnetwork.com/art-business/tax-deductions-for-artists-art-business/
Apr 06, 2015 · Leonard D. Duboff’s Answer: All of the ordinary and necessary expenses you incur in connection with your art business are deductible, though, if you’re engaged in a hobby rather than a business, you can take deductions only to offset income from your art hobby.Estimated Reading Time: 3 mins
https://turbotax.intuit.com/tax-tips/self-employment-taxes/the-musicians-guide-to-taxes-top-tax-deductions/L3dFXFokF
While you might not be able to claim the entire upfront cost as a business expense, you may be able to claim some of the cost in small increments over time ( a process called depreciation ). Keep all receipts for travel to lessons, recording sessions, and performances, as you …
https://www.hypebot.com/hypebot/2021/03/quick-tax-guide-for-independent-artists.html
2 hours ago · Please consult a tax professional or legal authority for advice and direction. Quick Guide to Taxes as an Independent Musician Take Note Of Your Monthly Expenses
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