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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

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