This is a big deal, Ive been complaining for years that the US tax code does not recognize that people might do something for a reason other than profit. Ive been making a profit from my art obviously, but even then doing your taxes as an artist is the proverbial forcing a square peg into a round hole. Ive known a number of artists who dont make a profit and who find themselves in ridiculous Kafkaesque exhcanges with the IRS....and they invariably lose.
Posted on: Wed, 08 Oct 2014 01:26:06 +0000
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