Say I'm a nature photographer and have to travel all over the world in order to do my work. Can I write off the traveling expenses as tax deductibles? What are the stipulations?
Say I'm a nature photographer and have to travel all over the world in order to do my work. Can I write off the traveling expenses as tax deductibles? What are the stipulations?
You should check with accountant to make sure. Can be very tricky especially when IRS starts to suspect that you are trying to scam the system.
Yes.Just keep accurate records and you'll be fine. More...
phototaker wrote:
Say I'm a nature photographer and have to travel all over the world in order to do my work. Can I write off the traveling expenses as tax deductibles? What are the stipulations?
Yes, as long as you earn enough from the photography to offset the expenses.
webby wrote:
phototaker wrote:Say I'm a nature photographer and have to travel all over the world in order to do my work. Can I write off the traveling expenses as tax deductibles? What are the stipulations?
Yes, as long as you earn enough from the photography to offset the expenses.
Not really - you're allowed to make a loss for like 3 out of 5 years .. in fact it may even be longer these days.
To the OP, yes, you can write off all that .. but you're not a nature photographer.
The video/photo studs at my college football games and Oly sports are volunteer retirees and wealthy alums by Athletic Dept policy. Former Engineers, Doctors, Stock Brokers mainly fill our volunteer ranks. Taxes are their personal responsibility. They have their own $50,000 HD cameras and $100,000 tubular cone lenses which they pay for and have insurance on themselves. We love our volunteers. They save us from the huge capital expense of video/still gear.
Also, the photography has to be paid work. It can't be your hobby.
Yes, you can get write off for travel expense.
My buddy does exactly this, but under the very careful guidence of his accountant. An audit would completely wipeout any gains he received by claiming such expenses.
I'm thinking of becoming a photographer. It has to be the easiest way of making money. Literally, all you have to do is point the camera at the thing you want a photo of and press a button. The bigger the camera is the better people will think you look.
Banana Bread wrote:
I'm thinking of becoming a photographer. It has to be the easiest way of making money. Literally, all you have to do is point the camera at the thing you want a photo of and press a button. The bigger the camera is the better people will think you look.
Are you going to specialize in taking pictures of Bekele?
Yes, as long as you earn enough from the photography to offset the expenses. Not really - you're allowed to make a loss for like 3 out of 5 years .. in fact it may even be longer these days. To the OP, yes, you can write off all that .. but you're not a nature photographer
When we travel for our business, it's expenses are counted in business expenses. But when people travel for theiy enjoyment, it is not included in that. As you are a photographer, so you have to write off your travel expenses as business expenses.https://travelsites.com/booking-sites/is the best platform for you in this respect. Here you will get all the facilities of travel including Hotel Booking, cruises services etc.
I write off travel going to races. Just bury the expenses in your schedule C.
No Way wrote:
Also, the photography has to be paid work. It can't be your hobby.
This. The IRS can declare it a 'hobby' and not your profession if you don't meet certain rules. As always don't rely on LR, do your own research or see a tax accountant.