Model's Clothing Deductible?

[yttikc]

Can a photographer deduct the clothing expenses spent on clothes for a
model that are used in a photo shoot? What if the clothes are given to
the model after the photo shoot is completed? Thanks!

[Jason White]

Post by yttikc
Can a photographer deduct the clothing expenses spent on clothes for a
model that are used in a photo shoot?

yes

What if the clothes are given to

Post by yttikc
the model after the photo shoot is completed?

instead of an expense, the fair market value is added to their pay

[Paul A. Thomas]

Post by yttikc
Can a photographer deduct the clothing expenses
spent on clothes for a model that are used in a
photo shoot?

Yes. They are either written off or capitalized if they have an expected
life span of more than a year. Same holds true for "stage attire" of actors
(generally less than a year) or musicians (can be either).

Post by yttikc
What if the clothes are given to the model after
the photo shoot is completed?

It would be an expense of the photographer, but included in the income of
the model.


--
Paul A. Thomas, CPA
---------------------
Everyday I beat my own previous record for number
of consecutive days I have stayed alive.