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Do I have to split deductions between my two similar lines of business? Or will it be okay to deduct everything from one and have no deductions for the other?
Im a musician as well as run my own booking agency. I used the self employed Quickbooks app and it tracked ALL deductions from both my gas & travel as performer and expenses like website and marketing for my agency. If i take all the deductions under my primary line of work "musician" and show no deductions under "talent agent" will it even out? or would i have to separate the expenses?
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‎February 6, 2023
9:44 PM