- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Are services for musicians like "Publishing administration" & "Online distribution" an approved write-off.
Topics:
June 4, 2019
10:25 PM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
Yes. According to the IRS, you will be able to claim business deductions (including any business deductions related to being a musician) that are considered both "ordinary" and "necessary".
Please refer to this IRS link for more information about Business Expenses
June 4, 2019
10:25 PM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
OK, Great. I am specifically interested in publishing administration because there is only a $100 to sign up, however, their fee is a 15% commision. is that still a write-off?
June 4, 2019
10:25 PM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
Yes, you can include the commission fee as a business expense as part of either your management fees or as a miscellaneous business expenses titled "commission fees".
June 4, 2019
10:25 PM