I have a music buying PROB-LEM.
I prefer to see it in myself as more of a condition or personality quirk than a problem.
Because of the book, I've saved all my music-buying receipts and will be claiming it as an expense on my taxes. I'm actually a little afraid to see how much money I spent on the music this year.
I'm actually a little afraid to see how much money I spent on the music this year.
OMG. I never ever ever EVER want to see this number as it pertains to myself. I would officially have to take away my own license to be an adult considered smart enough to exist independently of others.
Still - very cool with the taxes - that should save you a lot. Dear lord I need to hook myself up with some get-music-for-free scheme - it really would save me - well enough to probably buy a car or something.
Because of the book, I've saved all my music-buying receipts and will be claiming it as an expense on my taxes. I'm actually a little afraid to see how much money I spent on the music this year.
The
coolest thing about having "musician" as a side business is that all CDs are tax deductable.
Indie music nerds! You have let me down.
Why - with all my constant talking about Sam Beam (Iron and Wine) and Modest Mouse - has no one ever mentioned this to me??
It came out in Oct. on Suicide Squeeze - I just bought it. Uh-huh. I spent MORE money on music.
does the crazy dance of being in denial about her financial situation
The coolest thing about having "musician" as a side business is that all CDs are tax deductable.
Yeah, I hear that "sharing your art" thing is TOTALLY overrated ; )
The coolest thing about having "musician" as a side business is that all CDs are tax deductable.
Cooler than having women throw their panties at you?
I have a music buying PROB-LEM.
"Woman drove me to drink. It's the one thing I'm indebted to her for." </W.C. Fields> You just need the proper perspective on "problems".
Huh. That link isn't working for me. This is what was not mentioned to me:
THE SIX PARTS SEVEN & GUESTS
Lost Notes from Forgotten Songs (cd)
THE SIX PARTS SEVEN turn their songs over to the likes of Isaac Brock (Modest Mouse, Ugly Casanova), David Bazan (Pedro the Lion), John Atkins (The Magic Magicians, 764-Hero), Sam Beam (Iron & Wine), Will Johnson (Centro-matic), and many more, resulting in Lost Notes From Forgotten Songs, a new cd that re-shapes, re-invents, and re-volutionizes the band's lilting instrumental gems bringing grand lyrical charm and a whole new level of melody.
That's the first I've heard of this, Tina.
And Jon, did you have to incorporate to write off your CD purchases?
Yeah, I hear that "sharing your art" thing is TOTALLY overrated ; )
Point.
Cooler than having women throw their panties at you?
Set and Match.
THE SIX PARTS SEVEN & GUESTS Lost Notes from Forgotten Songs (cd)
We have that at WMBR. I tried to like it, but couldn't get into it.
And Jon, did you have to incorporate to write off your CD purchases?
Nope. You just have to file a Schedule C and be able to prove (if audited) that you're
trying
to make it a profitable business. There used to be an IRS reg that the business
had
to be profitable in at least two of the last five years (I think), but the courts threw it out.
Dammit. You all beat me to my actuaries and rock & roll joke.
They're not kidding about that profitability thing, though. A hobby that
might
make you money doesn't cut it.