[Leica] Selling prints online and prices

[rgacpa at yahoo.com (Bob Adler)]

Rule is once every?5 years you must show a profit.
And *always* show every penny of income...
But don't quote me; consult your tax advisor...
?Bob Adler
Palo Alto, CA
http://www.rgaphoto.com 




________________________________
From: George Lottermoser <imagist3 at mac.com>
To: Leica Users Group <lug at leica-users.org>
Sent: Tue, March 9, 2010 4:57:14 PM
Subject: Re: [Leica] Selling prints online and prices

True enough;
assuming you actually have cash flow coming in;
to justify the cash flow going out.

The auditors frown on
business expenses coming out of salaried W2's
from what they like to call "hobbies."

More than a few years of continuous "loss" on the SE form = flag.

Regards,
George Lottermoser
george at imagist.com
http://www.imagist.com
http://www.imagist.com/blog
http://www.linkedin.com/in/imagist

On Mar 9, 2010, at 6:47 PM, Bob Adler wrote:

> That said, if it is a true business, you can claim costs on your? 
> income tax returns...
>? Bob Adler
> Palo Alto, CA
> http://www.rgaphoto.com
>
>
>
>
> ________________________________
> From: nicolas vigier <boklm at mars-attacks.org>
> To: Leica Users Group <lug at leica-users.org>
> Sent: Tue, March 9, 2010 4:27:05 PM
> Subject: Re: [Leica] Selling prints online and prices
>
> On Tue, 09 Mar 2010, George Lottermoser wrote:
>
>> Selling prints? Yes.
>> Receiving money? Sure.
>> Earning a profit beyond expenses? Not
>
> Hmm, ok, I see. So, that seems difficult. Probably worse today since
> there is tons of free pictures available on the internet.
>
> I should stop dreaming about making money too easily :) If that was so
> easy, everybody would already be doing it.
>
> Thanks,
> Nicolas
> -- 
> http://boklm.eu/
>
> _______________________________________________
> Leica Users Group.
> See http://leica-users.org/mailman/listinfo/lug for more information
>
>
>
>
>
> _______________________________________________
> Leica Users Group.
> See http://leica-users.org/mailman/listinfo/lug for more information


_______________________________________________
Leica Users Group.
See http://leica-users.org/mailman/listinfo/lug for more information