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TranceAddict Forums > DJing / Production / Promotion > DJ Booth > Records as tax writeoffs?
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S-a-M-u-E-l
Supreme tranceaddict



Registered: Jul 2002
Location: Chicago
Records as tax writeoffs?

i always wondered. Do professional DJs write records off for tax relief?

Old Post Sep-13-2003 15:19  United States
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bachatu
A Trance Of Thought



Registered: May 2001
Location: South Florida

it may very by country, but i believe in the states if you have a tax id and claim your earnings for djing, then you can also claim your expenses, such as vinyl and equipment, etc.

Old Post Sep-13-2003 15:39 
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Stasis
41º 42' N, 86º 10' W



Registered: Feb 2003
Location: New England

If you make money off of DJing, (and it has to be enough to require you to pay income taxes) you can, and should, in fact, write off record purchases as business expenses. You can write off lots of other things as well, including phone calls, gas for your car, new pieces of audio equipment, clothing, etc. Be creative! Anything that you use or need to perform your job as a DJ can be written off as a business expense.

Now getting paid enough as a DJ to break into that first income tax bracket is a whole other story.


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Old Post Sep-13-2003 15:43  United States
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Tiger777
Pensionable tranceaddict



Registered: Dec 2002
Location: Ternat

Here, you need to have a company to do that. That means, you need a TVA number. With that number, you can write things off...


___________________

quote:
Originally posted by Push2005
Ik ben net terug begonnen met cassettes op te kopen... Die pitchcontrol is echt ongelofelijk !

Old Post Sep-13-2003 16:05  Belgium
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Omegasox
AI for MVP



Registered: Sep 2002
Location: Pennsylvania

quote:
Originally posted by Freak
*some* people i know get sent something like 70 promos a week(free)


*dreams*

Old Post Sep-13-2003 18:21  United States
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MERiDiAN5i2
Supreme tranceaddict



Registered: Oct 2001
Location: Texas, USA

I would assume if you have a DBA and are making any $$ off your gigs and doing them in a commercial manner, you could write it off in the states.

I'd contact a tax professional if I were you, the last thing you want is a nasty IRS run-in!

Old Post Sep-15-2003 04:07  United States
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DJLoki
tranceaddict in training



Registered: Sep 2003
Location: Bellevue Washington

I know that even if you dont make money, you can write them off for up to about 3 years. After that, they will come after ya.

Old Post Sep-16-2003 06:10  United States
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