It’s that time. At least for us. Happens every year around my birthday. All the forms are in, and we’d just as soon get it over with. The sooner the better. Happy birthday to me.
Sigh. There are better things I’d like to do on my birthday than try to work out the numbers and flip through those depressing 1099s.
But if you’re a writer with the intention of turning this into a career, keep in mind all those wonderful things you can deduct:
- Professional fees and dues
- Professional services
- Equipment and supplies
- Equipment depreciation
- Repair and maintenance of equipment (I include the cost of this blog domain)
- Supplies (I include the stock photos I buy for my blogs, not to mention the ones for book covers)
- Continuing Ed Classes (through conferences and colleges)
- Business related travel expenses including lodging, meals, airline expenses, car rentals, and mileage traveled on your own car (be careful how you keep records on all this)
- Postage and shipping
- Advertising and marketing/promotions
- Vendors fees (I frequently sell at festivals)
- Designated office space of 300 square feet or more.
I’m sure there are others, but these should help you realize that if you don’t keep good records, you probably should. Whether you’ve published or not, you can deduct these for a while as the costs of starting a business.