- May 21, 2001
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For a few years, I've done some video editing work at home, beyond my regular engineering job. It's never been more than a couple hundred dollars a year, admittedly under the table. Recently, however, I've started doing a bit more work at home and I'm wondering if I shouldn't start handling this a little more professionally. One thought that comes to mind is that I might be able to deduct some of my expenses associated with the video work, such as my home office (which is also for personal use), my PC, maybe even the new HDTV I'm planning to get both for personal use and to show my video editing work.
I'm a total business n00b and I have no idea how one would go about this. What's involved in officially starting a home business for tax purposes?
I'm a total business n00b and I have no idea how one would go about this. What's involved in officially starting a home business for tax purposes?