I plan on starting a photographic business and need answers to several tax questions. I have always filed a joint return with my husband. We are both retired, we both receive social security and I receive an annuity retirement from Colorado, my husband receives a disability payment also from Colorado.
My plan is to travel and photograph state parks for a month at a time then return home to check and fix the quality of the photos and in some cases write articles to enhance the offer.
The photos and articles will the be submitted to travel magazines for publication. It is my understanding that there will be little or no income for a couple of years, since it generally takes a while to build a marketable portfolio and reputation. I also plan on trying to sell my photos, handmade cards and jewelry at flea markets and craft fairs.
Now my questions:
We purchased a used motorhome, it is titled in both our names, which will be used only for the business. I keep very detailed records on mileage and also all maintenance and fuel costs. My question is - can I deduct the purchase price of the motorhome over several years?
Since my husband will be traveling with me how do I apportion the food costs? There will be over night parking fees, since I would have to park over night with or without my husband – do I need to apportion that cost?
Can We continue to file a joint return?
