Question

Can Photographs and printing done in my work be deducted? If so How?

Forum|Forum|4 years ago
November 23, 2021
1 reply
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I have a lot of printing of assignments and other work related items, plus I have to take a lot of digital photographs in my work. I take photos of homes for insurance companies. Are these deductible, where on the Tax forms is this done and how much per photo and per printed page? I am an independent contractor

M

Mike9241

as an independent contractor, you report your income and expenses related to this activity on schedule C. you can deduct your out-of-pocket costs for the work-related items. a digital photo probably costs you nothing but the equipment to take it is deductible. if you use the same equipment for both business and personal use, your deduction is limited to the business portion.

further info can be obtained by info available for IRS schedule C and this other link

https://www.irs.gov/pub/irs-pdf/i1040sc.pdf

https://www.irs.gov/newsroom/irs-video-portal-features-tax-info-for-small-businesses-and-employers

if your business has been incorporated then rather than reporting on schedule C you would report on form 1120 or 1120S.