New Tax Deduction?

[ThrobX]

Originally posted by Peaches@Jun 21 2005, 05:54 PM
And since I already wrote off buying them, not sure I can write them off again. I "pay" myself so I guess I could write off the overtime it took me to delete things off the server

You know, I was wondering this when Bill posted his first post in this thread. Every single pic I've ever licensed was immediately written off as a business expense. And if you have to have an employee go through stuff now to pull anything down, that's payroll just like any other. And you can't "write off" your own time spent doing that, unless of course you pay yourself a wage like an employee, in which case it's payroll.

The way I look at it, what content I do have that I'm at least temporarily pulling down A] already had the initial cost written off, and B] has made me, at the extreme least, 5 times in profits. So I just look at it as a cost of doing business.

But hey, you know I love you Bill (platonically, of course), so if you got some other legitimate writeoff that I'm unaware of, hey baby, I'm all ears.