Re: Drums and American taxes
Ya, we're not making an income yet. We'd be lucky to offset some of the studio cost from the few gigs that we have. We're just starting to gig, but I'd like to think of it as more than a hobby because I have no interest in doing that j.o.b. that I do for 40 hours a week any longer than I have to. So, all the expenses are more than just hobby expenses in my mind.
Thank you all for your replies. This will be my first year talking to a tax consultant. We should be able to deduct what we can if you play a certain amount of gigs. That would show more than just hobby status I believe.
-Turn the Beat Around