What Can Visual Artists Deduct on Schedule C?
Valerie Atkisson / ArtBistro
A general list of what you can and cannot deduct on a Schedule C (Profit or Loss from Business)
Items you can deduct:
• Supplies, materials and labor – excluding yourself
• If you traveled for your self-employed business you can deduct the expenses of the trip: travel, meals, expenses related to the production of goods
• Advertising: cost to produce, postage etc.
• Office expenses: Software and computers required for production and promotion of business
• Insurance other than health
• Interest on loans for business
• Meals and entertainment for networking or business purposes
• A separate telephone line or cell phone for your business
• If you use a portion of your home for business you can deduct the rent/mortgage portion for that -see form 8829.
• Car expenses for work – see Schedule C part IV or form 4562.
• Gifts to clients, suppliers, and workers
• Legal and professional services
Items you cannot deduct:
• Anything that is not used for business purposes
• Anything that you do not have a receipt for
• Business calls on a personal line
• Entertainment not for business purposes
• Any business expenses that you have been reimbursed for
• Portions of rented space that are not physically defined and are shared for business and personal purposes cannot be deducted.
Page 1: Table of Contents
Page 2: Top Ten Odd Ball Tax Deductions
Page 3: Artists and Designers! Get Organized Before Tax Day
Page 4: Schedule C for Artists and Designers
Page 5: What Can Visual Artists Deduct on Schedule C?
Page 6: Tax Preparation Checklist
Page 7: 5 Ways to Make Your Taxes Less Taxing
Page 8: The 11 Most Overlooked Tax Deductions