[Leica] Selling prints online and prices

[richard at imagecraft.com (Richard Man)]

That's a rule of thumb, not an actual rule.

If you can argue that you have been trying to run it as a business, it's
fine if you don't make a profit.

Of course, you should definitely consult a tax advisor...

On Tue, Mar 9, 2010 at 5:08 PM, Bob Adler <rgacpa at yahoo.com> wrote:

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



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