Microstock Photography Forum - General > General Photography Discussion
Do you file taxes on your income from stock photography? (Honest)
ShadySue:
I do, for all the reasons mentioned above, it's the right thing to do, I don't want a legal case, it means I can deduct expenses.
The last might be worth rethinking - at the beginning of your stock journey, you're likely to have more expenses than profits, so filing a tax form claiming a loss might be to your advantage. Consult an accountant for ease and legality.
cobalt:
Of course, it is sometimes my part time, sometimes my highest income.
I do work with an accountant, I find it much to confusing to understand German tax law and what can be deducted by myself etc...but yes, of course, stock income is a business income.
Maui:
Also, more and more countries exchange data. You never know if your income from a stock agency isn't one day reported back to your tax authority.
jjneff:
Yes I claim every red cent, I let my accountant figure out what I owe.
ravens:
Here's one more yes.
Yes, I pay taxes for my stock income - and deduct my expenses. You can't deduct anything if you don't pay!
Navigation
[0] Message Index
[#] Next page
[*] Previous page
Go to full version