Depreciation of Musical Instruments
March 11, 2010Original question:Linda Ayres, March 6, 2010 Dear Mr. Hunt, I’m an amateur musician. I don’t really earn any money playing the violin, but I play in a community orchestra that plays four or five concerts a year. We are very serious and we sound pretty good. I have the funds to purchase a better violin. […]
Musician Tax Questions
Original Question: Adam Franklin, Posted March 7, 2010 at 4:37 PM Hi, My wife works full time for an orchestra and receives all the benefits of such – predictable schedule, a contract for the year, insurance, etc. She receives a W-2 from them every January. She is for all intents an employee. However, she also […]
Is Concert Clothing Tax Deductible?
February 25, 2010Question: Posted February 22, 2010 at 1:39 PM by Brittney Stanton Mr. Hunt, I’m a young musician filing taxes as an independent for the first time and could use your help. Can I deduct any of the concert attire or music that I purchase? Brittney, There are two parts to your question: for the answer […]
Tax Questions
February 17, 2010Original Question: Can performing artists (say, orchestra members, working in several groups as employee) deduct mileage to rehearsals and concerts? It is typical in our area for musicians to play in 2 or three symphony orchestras in neighboring communities – and the mileage can really mount up! And yet they are “employees”, getting a W-2. […]