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13993 Posts in 5104 Topics- by 81330 Members - Latest Member: AJleisa

September 09, 2010, 04:56:38 AM
Small Business Advice for Small Business EntrepreneursSMALL BUSINESS INFORMATION, FAQs And ANSWERSSmall Business Ideas and Home Base OpportunitiesTaxes after starting Home Business?
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Author Topic: Taxes after starting Home Business?  (Read 104 times)
CrusaderJJ
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« on: January 25, 2010, 04:45:28 AM »
This year my wife started her own Photography business. We had about five thousand dollars in start-up costs (Camera, Computer, Photoshop, website, etc). Can we write those expenses off? What do we need to do in order to do so? What about gas money and car related expenses if she uses it to go to shoots? She hasn't made a lot from the business yet so I don't think there will be an income tax on the business yet. Please help.
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mstomica
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« Reply #1 on: January 29, 2010, 03:30:40 AM »
Yes I think you put it on a Schedule C
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