Domestic Production Deduction

Discussion in 'General Shop Talk' started by dpphoto, Sep 6, 2016.

  1. dpphoto

    dpphoto TPF Noob!

    Joined:
    Sep 6, 2016
    Messages:
    3
    Likes Received:
    0
    Can others edit my Photos:
    Photos NOT OK to edit
    Does anyone use this deduction? My accountant isn't sure if it pertains to photographers. In the state of North Carolina, I am looked at as a manufacture. It seems that I could take the deduction but I can't find any info on the subject. Anyone??


     
  2. tirediron

    tirediron Watch the Birdy! Staff Member Supporting Member

    Joined:
    Jul 8, 2005
    Messages:
    44,663
    Likes Received:
    14,148
    Location:
    Victoria, BC
    Can others edit my Photos:
    Photos OK to edit
    I have no idea, but I do know that if my accountant wasn't sure about a deduction and couldn't trouble himself to find out for sure, I would be getting a new accountant in a hurry!
     
    • Agree Agree x 3
    • Like Like x 1
  3. robbins.photo

    robbins.photo Yup, It's The Zoo Guy Supporting Member

    Joined:
    Oct 3, 2013
    Messages:
    11,518
    Likes Received:
    4,786
    Location:
    Louisville, Nebraksa - United States
    Can others edit my Photos:
    Photos OK to edit
    Help with Tax Questions

    This sounds like a question for the IRS.
     
  4. dpphoto

    dpphoto TPF Noob!

    Joined:
    Sep 6, 2016
    Messages:
    3
    Likes Received:
    0
    Can others edit my Photos:
    Photos NOT OK to edit
    Does your business require an accountant? If so try asking yours and see the response you get. You may find the answer isn't so clear. You know nothing of my accountant.
     
  5. dpphoto

    dpphoto TPF Noob!

    Joined:
    Sep 6, 2016
    Messages:
    3
    Likes Received:
    0
    Can others edit my Photos:
    Photos NOT OK to edit
    Tried that. It's pretty murky. The IRS says that a photographer is a manufacturer and has to charge sale tax on the bottom line. I don't agree, but that's the way it is. But when it comes to this deduction, they speak in terms of tangible goods produced. It's very unclear. Thanks!
     
  6. gsgary

    gsgary Been spending a lot of time on here!

    Joined:
    Oct 31, 2008
    Messages:
    16,144
    Likes Received:
    2,962
    Location:
    Chesterfield UK
    Can others edit my Photos:
    Photos OK to edit
    Sack your accountant he should know

    Sent from my SM-G903F using Tapatalk
     
  7. robbins.photo

    robbins.photo Yup, It's The Zoo Guy Supporting Member

    Joined:
    Oct 3, 2013
    Messages:
    11,518
    Likes Received:
    4,786
    Location:
    Louisville, Nebraksa - United States
    Can others edit my Photos:
    Photos OK to edit
    The IRS should be able to give you a yes or no response if you contact them via phone on whether or not your eligible for this deduction.
     
    • Like Like x 1
  8. KmH

    KmH In memoriam Supporting Member

    Joined:
    Apr 9, 2009
    Messages:
    41,401
    Likes Received:
    5,696
    Location:
    Iowa
    Can others edit my Photos:
    Photos OK to edit

Share This Page

Search tags for this page

photographer domestic production activity deduction