Photography Scheduling Software

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Schedule C / 4562. Need assistance please.?

In 2009 I started a small photography business and have been open for business. Throughout the year my expenses involved equipment purchases as well as fees to set up a website, forms, props, computer, software and some educational expenses, all totaling about 15k. My income for the year was much less than my expenses.

What forms do I need to fill out to deduct all of my equipment purchases?

At first I thought I just had to do the Schedule C, but then as I started to go through the Sch C, I find out about the Form 4562. I don't see a spot on Sch C for Equipment purchases, where does this go? Thanks for your assistance. I'd like to try to do this myself this year vs. taking it to a CPA which is going to cost me 300-500.

there is no line for equipment as an expense, the expense is the depreciation expense you show on the 4562
you may have to ascertain what kind of equipment, on the reverse side of 4562 there is called 'listed' property which includes some types of equipment like computers and such
www.irs.gov will have the form and instructions for the form on that site

CITIZEN PRODUCER


photography scheduling software5
photography scheduling software5