this post was submitted on 28 Nov 2023
1 points (100.0% liked)
Photography
24 readers
1 users here now
A place to politely discuss the tools, technique and culture of photography.
This is not a good place to simply share cool photos/videos or promote your own work and projects, but rather a place to discuss photography as an art and post things that would be of interest to other photographers.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
It all depends if you’re set up as a business or not. Your last sentence regarding shooting weddings is kind of vague.
You would need to talk to an accountant to get any real advice, but I would imagine they would first ask how you’re currently conducting your photography.
Whether you sell your MLS pictures or not, if you were a legitimate business you could absolutely deduct certain expenses related to that. Working photographers shoot personal work all the time and if it’s in support of their business then there is a path for a write-off (in some capacity.)
Pro-tip: just because you aren’t selling these MLS pictures now, doesn’t mean you can’t sell them later.
This is correct. If you’re doing business as a photographer, just put your allowable and documented MLS photography expenses on your Schedule C (assuming a flow-through LLC or Sole Proprietorship business structure) just like you do with your wedding photo expenses and income.
You don’t have to be turning a profit to deduct business expenses.
You do have to be trying to make a profit in the business.
You do not have to be any good at the job you’re doing.
You don’t have to be any good at running a business.
You do have to follow the law.
You do not have to follow the laws people on Reddit made up in their heads.