Do you have to declare your earnings for taxes if you're an artist?

I know freelancers in general have to but what about artists? How does that even work?

I mostly sell to friends and family (they willingly pay me)

What if by the end of the year I earn $8000. Do I have to lose like $2000 of my hard work?

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  • well now that yall just admitted it on the internet you do

    it would also depend on how the payment was tendered and used

    did yall git a 1099?

    cash or barter wouldnt matter much but if yall did a portrait of the heada the irs and deposited a check for it in the bank of america then yalld better declare it

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  • By law yes. Any income earned. However in instances like yours, generally the only way the IRS will know, is if you tell them. If you are going to be honest, remember you only have to claim what you earned. You would have business ecpense deductions as well, canvas, paint, brushes, whatever.

    You should consult a tax professional. It may end up being to your benefit by the time you figure expenses. You may actuall take a loss when it comes to thst business, reducing your tax burden.

    Again, talk to a tax pro.

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  • unfortunately yes you are supposed to claim it, however there are ways around it if you play it smart enough...

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  • Depending on how much you make, you may get most , or some of it back as a refund.

    Although if you get paid in cash, well thats a different story. It's like getting an instant refund.

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