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Deductions & credits
It sounds like they are both similar enough that you could report them together on 1 Schedule C as a freelance video/photo editor/creator (or whatever description you feel best represents you). You can report the income from both jobs and all your expenses together. You only need to divide the cost of the software between personal and business use. If you use it for your freelance work 100%, you can deduct 100% of the cost. There is no need to divide up the costs between freelance jobs.
‎June 1, 2019
1:40 PM