Friday, October 10, 2014

Art: A hobby or a business?

For starters, you have to be able to sculpt, draw, or paint things that, you know…look like things. But even if you can, you know damn well that when you tell someone at a dinner party that you’re an “artist,”  they’ll smugly assume that’s just a pleasant euphemism for “unemployed trust fund baby.” And on the off chance that all your creativity and hard work pays off and you have a piece prominently displayed in a gallery or museum, you’ll have to repeatedly deal with a boorish lout like me eyeing up your magnum opus and dismissively professing, ”I don’t get it.”
Artists Rejoice! Tax Court Concludes Painter's Activity Isn't A 'Hobby' - Forbes
The real question is, "What does the IRS think it is?" The answer is, "It depends. . . . "

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