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https://www.nolo.com/legal-encyclopedia/tax-deductions-artists.html
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. These expenses include airfare or other …
https://www.jacksonhewitt.com/tax-help/tax-tips-topics/employment/job-specific-deductions/performance-artist/
Feb 21, 2021 · Tax Deductions for Performance Artists. You perform services in the performing arts as an employee for at least two employers. You receive at least $200 each from any two of these employers. Your related performing-arts business expenses are more than 10% of your gross income from the performance of ...
https://www.artworkarchive.com/blog/the-artist-s-guide-to-tax-deductions
The Artist’s Guide to Tax Deductions. Tax season is upon us. But before you start heading for the border to avoid combing through all of your receipts, take a look at some of the tax ... How do you know if you qualify? Materials & Supplies. Studio Expenses. Advertising.
https://turbotax.intuit.com/tax-tips/self-employment-taxes/the-musicians-guide-to-taxes-top-tax-deductions/L3dFXFokF
Deductions often overlooked by musicians are the costs of such things as tickets, transportation, and parking, incurred when you attend other musicians' performances. You attend these performances in order to enjoy them, but also to learn about musical trends, which makes them deductible.
https://www.thebalance.com/qualified-performing-artists-tax-deduction-3192993
Nov 30, 2020 · IRS Form 2106 reports deductible employee business expenses to the IRS, but only a few professions qualify as of 2020. They include performing artists who work as employees. Form 2106 provides for an “above-the-line” deduction so you can file this form and claim it, then itemize or claim the standard deduction for your filing status as well.
https://voidacademy.com/a-simple-tax-guide-for-artists/
Jan 31, 2018 · You make some money on your artwork, but a lot of the time it’s not much and goes straight back into making more art. If you made $3,000 on your art the whole year and made no profit on it, meaning the expenses to make the art were either $3,000 or more (which would put you at a loss), this would qualify in the eyes of the IRS as a hobby.
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. Either way, potential deductions include the following: • art equipment, such as easels, cameras, light fixtures and kilns • …
https://www.irs.gov/publications/p561
Your deduction for contributions of paintings, antiques, and other objects of art, should be supported by a written appraisal from a qualified and reputable source, unless the deduction is $5,000 or less.
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