Welcome Guest. Register Now!  


Itemized Deductions Schedule-A


Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 02-22-2015, 04:55 PM
Junior Member
 
Join Date: Feb 2015
Posts: 1
Artist travel out of country for research and learning

I am a freelance illustrator who has been filing as a business for 10+ years. I travelled alone to France to visit museums and do research/photograph for paintings and for posting on my blog/social media accounts.
Can I deduct any of this trip?



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #2 (permalink)  
Old 02-22-2015, 06:29 PM
Moderator
 
Join Date: Oct 2010
Posts: 5,258
Quote:
Originally Posted by Anniesdrawing View Post
I am a freelance illustrator who has been filing as a business for 10+ years. I travelled alone to France to visit museums and do research/photograph for paintings and for posting on my blog/social media accounts.
Can I deduct any of this trip?
To qualify as a travel expense, an expense must be directly related to work or the operation of your business and require that you are away from your tax home for a period of time longer than an ordinary day’s work; If you conduct work in two locations, your tax home and place of business is generally where you spend more time, though some argue that it is where the majority of the revenue comes from. If you are on an assignment that is expected to last more than one year, you are not eligible to deduct travel expenses because you would essentially be living overseas. If you are on an assignment that was supposed to last for one year and you end up wrapping up the assignment early, no expenses are deductible as travel expenses since the intention was to stay for more than a year. Similarly, if you are on an overseas assignment and the duration of the assignment ends up going over one year, travel expenses are only deductible up until the expected duration changes and the assignment is expected to run longer than one year.as you are self-employed, your travel expenses for the self-employed expat should be reported on Sch C on an expatriate tax return, or Sch C-EZ as an alternative. These schedules then must be attached to Form 1040 as part of your expatriate tax return.



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Research grant and travel expenses barmaleus Income 2 02-16-2015 06:35 PM
Research, language study and personal trip Camelman For 2013 1 04-10-2014 09:36 PM
artist 1099 jeannec Miscellaneous 1 01-25-2013 01:16 PM
Lifetime learning credit wahi00 Itemized Deductions 4 01-25-2013 02:22 AM
How does a qualified performing artist deduct business expenses? TaxGuru Sole-Proprietorship 0 12-08-2009 01:31 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.