Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (5) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: JeanDavid Big funky green star, 20000 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121482  
Subject: Re: Can Dues Be a Charitable Contribution? Date: 10/23/2012 10:50 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
Let me know when you make your Carnegie Hall (travel expenses deductible) debut, and I'll come.

I have a friend who has performed both at Carnegie Hall and at Lincoln Center (among other venues). And another who has performed at Lincoln Center. If they have not incorporated their business (I have no idea), I assume they fill out a Schedule C.

I have never looked at their Schedule C returns. One lives in Brooklyn and has to taxi to Carnegie Hall and to bring her toy pianos with her (she has no car). Carnegie Hall have Steinway adult pianos on hand, but no toy pianos. I assume the taxi fare is tax deductible, though I do not need to know,

The other friend also plays toy piano and travels a lot by air. Toy pianos take quite a beating in transit, so they need to be replaced from time-to-time. I suppose for them, the cost of those is tax deductible as well: tools of the trade. Toy pianos of concert quality tend to cost around $300, unless you want some special ones that are much more (historical ones no longer manufactured). But they may be worth it.

This one would cost a fortune if you could even find one:

https://www.youtube.com/watch?v=6u-RW2FMj6k&feature=rela...

This one is played on two relatively inexpensive toy pianos (but way better than Toys-R-Us ones).

https://www.youtube.com/watch?v=2vzj-u8LjMs
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (5) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

Disclaimer:
In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Post of the Day:
Value Hounds

Considerable Headwinds for Profire Energy?
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement