Let’s say that I have this one movie that is finished that I spent 80 million to make. I decided to “write it off”. So when I get to pay my taxes, do I get a 80 million discount?
Let’s say that I have this one movie that is finished that I spent 80 million to make. I decided to “write it off”. So when I get to pay my taxes, do I get a 80 million discount?
Sell things on eBay, you have to pay taxes on any profit, but you can claim milage as an expense at 65.5 cents per mile. There’s no UPS dropoff near me, but there’s one near my work, so I claim the mileage to go to the UPS store and back. I just happen to go to work in between those two things.
You can also claim travel if you buy an item somewhere. Maybe you went somewhere to buy something and just happened to have a good time with your family while you were there.