is content a tax write off?
 

if you spend $15000 in a year buying content sets to use on galleries and you make your money from gallery revenue....

is this a tax write off?

yes.

posted before the answer was yes:D

yes, so is hosting, your computer hardware (although usually better to depreciate hardware) software, office supplies, a percentage of your rent / mortgauge if you use an area exclusivly for work, light bill, phone bills, heat bill (all a percentage based upon the amount of space you use for work)

I suggest you go to an accountant, along with knowing more about what you can deduct, it also greatly lessens you chance of an audit

thats common sense..

How is that so?

I'll do one of these posts once.

Any god damn thing you put up money for to run your business is tax deductable. This means everything that has been said, business dinners, travels, hotels whatever, if its for your business you deduct it!

Just about anything that goes to wards your business, could be written off.

you bet your ass is it I wrote off a huge percentage of my taxes from content buying :)

:Graucho

If you are spending $15k in a year on content for galleries...you are probably overpaying a bit. Heh. You can get one of those content blowout deals for $2k and have 100,000 high quality images. That's years worth of galleries.

I can not beleive someone would ask something like this lol

:helpme

yes but make sure you have the paperwork to prove it.

Hmmm, I would rather cut a check to a provider for the other 13k and have good content, than cut a check to the IRS for jack shit.

sure it should be.

ofcourse it is...........

Of course :thumbsup

It's a business expense like any other...hell, I was able to write off dildos I used on shoots! (Classified as "Production Equipment") :1orglaugh

I don't even spend 15k in content and I shoot my own stuff

what would content be classified as?

http://gofuckyourself.com/showthread...ght=2004+T ax

Content = Content, Marketing, Product Development, Models,

The best answer you had yet in this thread is to go see a good accountant. Depreciation - rates and qualifying items - is a very complex topic. Sometimes you have to apply depreciation. Sometimes you may want to.

The IRS count as depreciable "property that wears out or becomes obsolete and it must have a determinable useful life substantially beyond the tax year." There are some basic requirements and rules about specific items, but generally you can expense up to around $100,000 during the year of purchase via a Section 179 deduction.

So the short answer is almost certainly that you can write off the $15,000, but there are several reasons it might be better to depreciate rather than to write off. To enhance your credit, you might want to show a higher income. Running a business you might want to sell, assets plus a higher income look good. An accountant who is advising you on tax planning might recommend it.

of course

some people dont have