How did you categorize the elements of a film or video production?
The categories of a film budget do not exactly match up with the categories IRS has for deductions. So, I am wondering what the deductible categories are - would anyone care to share a list and any hints on how you organize your production expenses to fit into Schedule C? I need help in organizing my brain, LOL.
FYI, I had filed for an extension, so am doing my 2010 taxes now and need to get this done ASAP. I have an LLC.
Thanks!
The categories of a film budget do not exactly match up with the categories IRS has for deductions. So, I am wondering what the deductible categories are - would anyone care to share a list and any hints on how you organize your production expenses to fit into Schedule C? I need help in organizing my brain, LOL.
FYI, I had filed for an extension, so am doing my 2010 taxes now and need to get this done ASAP. I have an LLC.
Thanks!