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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.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://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.irs.gov/publications/p561
Cost or Selling Price of the Donated Property. The purchase or sale took place close to the valuation date in an open market, The purchase or sale was at "arm's-length," The buyer and seller knew all relevant facts, The buyer and seller did not have to act, and. The market did not change between the ...
https://www.backstage.com/magazine/article/the-actors-guide-to-filing-taxes-67405/
Mar 05, 2019 · The Internal Revenue Service (IRS) will probably begin accepting electronic tax returns sometime between Jan. 15 and Feb. 1, 2021. Related 5 Tips to Make Tax Season Easier for Actors
https://itsartlaw.org/2019/09/18/art-donations-101/
Sep 18, 2019 · Professional artists—i.e. artists who can demonstrate having gained a profit from their artworks—can generally deduct the cost of materials used to create an artwork from their taxable income as a business expense rather than a charitable donation.
https://www.artsy.net/article/artsy-editorial-7-things-artists-filing-taxes
Mar 19, 2019 · When artists report their income on the Schedule C, Cole explained, “you’re making an agreement with the IRS that you’re operating like a real business”—and that means you have a profit motive. People making art without a profit motive are considered hobbyists and cannot deduct expenses, she added.
https://www.artistsnetwork.com/art-business/tax-deductions-for-artists-art-business/
Apr 06, 2015 · Either way, potential deductions include the following: • art equipment, such as easels, cameras, light fixtures and kilns. • supplies such as paint, brushes, canvas and clay. • framing. • studio space. • office supplies and equipment. • books and magazines related to your business.
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