Quote:
|
Originally Posted by Alex Yates All of this is fine and dandy, but the most important ingredient is to make sure there is documented income generated by this business.
When I entered grad school, I had reportable income from freelancing the previous years. Since Eastman billed our tuition and our applied lessons separately, I was able to write off thousands of dollars in applied fees for each semester. That came to a pretty hefty total, so I was happy about that. |
Good point Alex. No income no business. It's propbably not a good idea to start your first year with a $10,000 loss. That is asking for trouble.