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https://voidacademy.com/a-simple-tax-guide-for-artists/
Jan 31, 2018 · 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.Estimated Reading Time: 7 mins
https://taxprof.typepad.com/taxprof_blog/2021/03/lazerow-income-tax-planning-for-visual-artists-their-dealers-investors-and-collectors.html
Mar 02, 2021 · The tax issues of visual artists, art dealers, art investors, and art collectors all revolve around the same type of property: artwork. Be it a painting, drawing, print, sculpture, photograph, fabric, or glass art, that property raises tax issues for which advance planning can be useful.
http://www.artstaxinfo.com/artists.shtml
Visual artists have other unique deductions that could be considered personal for most other taxpayers. These include museum and gallery admissions, streaming music and video subscriptions, magazine subscriptions, digital services, art supplies, art and photography books etc. Remember not to get greedy with these types of deductions.
https://www.artsy.net/article/artsy-editorial-7-things-artists-filing-taxes
Mar 19, 2019 · We recently spoke to artist and accountant Hannah Cole—who counts many artists among her clients—for some basic tips to help artists navigate tax season smoothly. Behave like a business 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 …Estimated Reading Time: 7 mins
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.Estimated Reading Time: 7 mins
http://www.pleinairstyle.com/2014/03/taxation-tax-deductions-for-self.html
A majority of visual artists are considered “self-employed” in regards to filing their taxes. In a legal and taxpaying sense this means that your “business” as an artist and you as an individual taxpayer are one and the same. There is no legal separation, such as one would have in a corporation, partnership, LLC or other legal entity.Estimated Reading Time: 9 mins
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