Write Deductions

[shelldannelley]

In 2022 I wrote a novel. My agent was unable to sell it. In 2024 I self-published with Amazon. My 1099-MISC for the 2025 return has a whopping 33.00 of income. I want to deduct copyright, ISBN and editing fees, but they were paid in 2022. Can I do this? The editing cost 3000.00. Can all of this be deducted? Thank you.

[LeticiaF1]

Yes, you can deduct all the expenses you had to get your novel published.  You can claim up to $5,000 in startup costs and $5,000 in organizational costs.  Claim them in 2025 which is when you started receiving income.  If you would like to see more information about Start-ups, see the TurboTax help article below:

Start-up business tax tips

To enter the income:

1. Open or continue your return.
2. Go to the self-employed income
3. Say Yes on the Did you have any self-employment income or expenses? 
4. Continue answering the rest of the questions

What self-employed expenses can I deduct?

How do I report income from self-employment?