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March 13, 2022
Question

I'm an author and I purchased the rights to use images in my book. How do i categorize this expense? Is it an asset? what code section?

  • March 13, 2022
  • 1 reply
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I paid multiple photographers and a large photography wire service

1 reply

March 13, 2022

You could use the Miscellaneous Expense category for the amount you paid for the rights to the images.  Create your own description and enter the amount. 

 

It would not be considered an asset that could be depreciated.

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