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Tracking expenses for deductions for hobby writing a book that took several years to research before being published
So, I'm a hobby genealogist. I have spent the better part of 10 years, as a hobby, creating an historical record of my family- from Danish England to and through all the primary early immigrants to North America. I must say, for historians as well as family, it is a ground-breaking book. But 10 years of expenses. Ancestry.com, Newspapers.com, trips to England to research, etc. I should publish this year, if my health remains good. Books like it sell for over $100. I will self publish, but may use some publisher advocate to lobby libraries and historical societies. But the expenses run about $1000/year, not including technical equipment. Trips, and I've made a half dozen, cost perhaps $4K each. I have kept records. How do I manage this from a tax point of view? I do have another personal business- IT support- so I file for that using Home and Business. I also have one other book self-published on Amazon. It was a separate research project. I don't make the $600 threshold on that.