| Julian Block, a former IRS agent and tax attorney, is the author of "Julian Block's Tax Avoidance Secrets" ($29.95 p&h included, 560 pgs. Mention you are a PhotoStockNotes subscriber and receive the book for $19.95.) Julian Block, 3 Washington Sq, Larchmont NY 10538-2032). Julian can be reached on the PRODIGY (EXPT16B) bulletin board. |
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Question: Can I deduct money spent for a subscription to PhotoStockNotes/Plus or for post cards, maps, books or for magazines purchased at a newsstand for pre-shooting research? These are not magazines I’m now photographing for but magazines I expect to photograph for. And if I can: Where on Form 1040 do I list those deductions? Answer: The law allows you to deduct business-related publications, books, newsletters, maps, etc. and these magazines are in that category. Like your other photographing expenses, you claim them on Schedule C (Profit or Loss From Business) on Form 1040. |
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