The research category includes those necessary expenses it takes to stay abreast of your field. These expenses depend on what you do:

  • For an artist, it might be a trip to the museum.
  • A musician might use a music streaming service to do research on what other musicians are creating.
  • A movie producer watches movies to get inspiration on camera angles and action sequences.

The things you do to learn more about your craft may be enjoyable, but if they impact your freelance work, we can generally use those expenses when figuring out your profit for the year.

Be sure to keep receipts and document the business purposes for each expense.

If you have any questions, your preparer will be happy to help you navigate this category! Get started on your taxes today by signing up for an account with Brass Taxes.