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https://voidacademy.com/a-simple-tax-guide-for-artists/
Jan 31, 2018 · Doing your taxes as an artist is not that different from doing your taxes as any other kind of working person. Every year when you file your Individual Tax Return, also known as your 1040 form, you are painting a picture of your financial life for the IRS.
https://www.nolo.com/legal-encyclopedia/tax-deductions-artists.html
The Tax Cuts and Jobs Act established a brand new deduction that allows owners of pass-through businesses, including artists, to deduct an amount equal to up to 20% of their net income from the business. This is in addition to all their other art business deductions.
https://thecreativeindependent.com/guides/a-smart-artists-guide-to-income-taxes/
Mar 14, 2019 · Why tax planning matters Tax rates, brackets, and deductions 101 The tax advantages of treating your art like a small business How to qualify as a business for tax purposes Tax form 101 What you actually need to complete your taxes A few notes on income sources: W-2 vs 1099-MISC vs 1099-K How to make tax time easier Artist-specific tax ...
https://www.artsy.net/article/artsy-editorial-7-things-artists-filing-taxes
Mar 19, 2019 · Like other professionals who work in a freelance capacity, artists typically earn untaxed income that they must report to the IRS—and if the artist had a clear intent to make a profit, their practice is considered to be a business.
https://www.artworkarchive.com/blog/the-artist-s-guide-to-tax-deductions
If you conduct your art practice in a businesslike manner, put time and effort into your artwork to make it profitable, depend on income from your artwork for your livelihood, have been successful in making a profit during some years of your art business, you most likely qualify to take deductions.
https://www.artistsnetwork.com/art-business/tax-deductions-for-artists-art-business/
Apr 06, 2015 · Also, if you want to see your art featured in The Artist’s Magazine, then enter your best in the Annual Art Competition–the deadline is May 1. River Valley, Papoose Fire (acrylic on gold gessoed Aquabord, 17.75×17.75) by Stephen Quiller, featured on the cover of The Artist…
http://www.artstaxinfo.com/artists.shtml
The artist usually files a "Schedule C" as part of their regular 1040 income tax form, which is where you report your art income and expenses. The artist may file a form 8829 for the home office (studio) deduction and will also be required to pay self-employment tax (Schedule SE) on your net income (profit) as well as federal income tax.
https://stefanieoconnell.com/taxes-for-artists/
If you earned income and received a 1099-MISC in 2014, you may already be underpaid as you sit down to prepare your 2014 tax filings. My advice is to monitor this on a quarterly basis and estimate that a minimum of 30% of your gross 1099-MISC will need to be paid in form of a quarterly payment.
https://ttlc.intuit.com/community/taxes/discussion/do-i-have-to-file-taxes-on-casual-art-sales/00/30597
May 31, 2019 · It is important to note that all income, unless specifically excluded by the Code, is taxable. Your art sales are required to be reported as Other Income, which will appear on line 21, of page 1 of the Form 1040. You will need to recap your sales records to report your art sales for 2013.
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