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.
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.