Purchasing photography equipment for business and taxes...

[kirbinster]

As a small business under current tax rules (they change everytime you blink) you can expense any equipment under section 179 up to something like $125,000 (might be even higher - I forget) with the limitation that it can be no more than income earned by the business. Thus, instead of capitalizing and depreciating over time you can expense it all up to the lessor of what your earn or the cap.

[GadgetRick]

Originally Posted by maxharvard

Legalities aside, it would be helpful to maintain some semblance of legitimacy.

All you need to do is keep good records to establish legitimacy until you're earning a decent buck. However, you're correct, it doesn't hurt to do these things. Only problem is, if you do it for a while and decide you don't have the energy to continue it, you've wasted your time and money (although a small amount) establishing your business name.

[Jim Bryant]

Here I googled the subject and can up with these hits: write off for photography businesses - Google Search

[brewbq]

Google is amazing! Thanks for the link Jim.