2007-10-22 03:36:26 · 16 answers · asked by Theresa P 1 in Business & Finance ➔ Taxes ➔ Other - Taxes
No since you're not a photographer. When in doubt, consult and accountant or IRS directly.
2007-10-22 03:40:00 · answer #1 · answered by ♥Šωèé†íé♥ 6 · 0⤊ 1⤋
If I was an IRS auditor and I came across a deduction for a camera on a tax return of a model what would I think?
Probably something like: "This person is a model, her work involves being on the other end of the camera rather than taking the actual pictures. So what is the BUSINESS PURPOSE for this person purchasing a camera? NONE - DEDUCTION DENIED!"
Bottom line you could put it on your tax return as an expense of doing business (most likely you'd take a depreciation or S. 179 deduction), and the chances are you'd never get audited. But if you did get audited, as a model, you'd find it hard to convince an IRS auditor that you had a legitimate business purpose for buying a camera.
2007-10-22 03:53:05 · answer #2 · answered by nealeinmi 3 · 1⤊ 0⤋
Get it done professionally. This may be your career ambition and you have to do it right because modeling is a cut throat business and you have to take every advantage you possibly can, and then you can write of some of your expenses. I would talk to a tax consultant about any write offs or better yet get your own tax professional like I did.
2007-10-22 03:57:46 · answer #3 · answered by schneider2294@sbcglobal.net 6 · 1⤊ 0⤋
Is this an Australian question?
If so, depends.
How much is the camera? I understand that this is a business related asset....
Are you considered running a small business modelling? and not just a hobby?
Generally being a business related asset it will need to be depreciated over a few years. But small businesses with income less than $2M can choose to write off depreciating assets < $1000 right away.
2007-10-22 22:24:31 · answer #4 · answered by Yellow Dango 4 · 0⤊ 0⤋
Not likely. Models don't take their own pictures, they have professional photographers do that for them. The cost of those photos is a legitimate tax deduction -- and probably a lot more than any camera would be
2007-10-22 04:11:49 · answer #5 · answered by Bostonian In MO 7 · 1⤊ 0⤋
How do you plan on making pictures of yourself? Get a photographer to make pictures of you. Keep in mind, good photographers "make" pictures NOT "take" pictures. However, as a model, you can purchase clothing and accessories for the "shoot" and your wardrobe when going out for potential jobs and assignments. Keep in mind, you are considered self employed, a freelancer, and all of your business expenses are a write off against your income. Keep a log of all your expenses and do NOT forget all your travel and transportation expenses. Last, you must show a profit three years out of seven in order to be considered a business and NOT a hobby. PLEASE check with your accountant or CPA for the latest data on this.
2016-04-09 21:33:56 · answer #6 · answered by Anonymous · 0⤊ 0⤋
You have to own a business to write things off on taxes as business expenses. Simply pursuing a dream is not sufficient enough for the IRS. Anyone that advises you otherwise is setting you up for the big ok-ee-doke
2007-10-22 03:42:22 · answer #7 · answered by dreampo 4 · 1⤊ 1⤋
If you actually get any income. Keep the pictures of youself on a cd in case you get audited. Don't have any non modeling pictures on it if you get audited.
2007-10-22 04:01:49 · answer #8 · answered by Anonymous · 0⤊ 1⤋
Check with your local tax consultant.
2007-10-22 03:38:38 · answer #9 · answered by ASKER 3 · 0⤊ 1⤋
only if you actually get a modeling job, then you can claim it as a business expense.
2007-10-22 03:38:38 · answer #10 · answered by howie r 5 · 1⤊ 1⤋