Hi, I am a freelance musician, and in 2015 I began a recording project. Expenses related to the project include paying people like recording and editing engineers, musicians, professional historian, etc.

I have kept careful track of these expenses and issued 1099s when amounts exceeded $600; also filed form 1096.

My questions:

1. Since the project is not complete, but these expenses were incurred in 2015, I am imagining I'm allowed to include this project on my overall Schedule C as a freelance musician. Right?

2. Or I need to fill out a SEPARATE Schedule C and call it "____ Recording Project?"

3. Since the project has not completed, i.e. it has not been turned into a salable product yet, 2015 would only include expenses, not income. Am I required to amortize these expenses somehow, and if so, how?