In addition to being on the cover of a funk band album from Australia, my photographic work (different picture, though) is now worth fifty dollars from some graphic designer guy named Ron. Wow. Fifty bucks. That's more than ten lattes from the mermaid. The graphic designer guy wanted "unlimited use" and I think I'm okay with that. Without going into the sort of detail that makes my mother squirm, fifty bucks can buy a lot from me. Besides, I reckon "unlimited use" is different from "exclusive use". Not sure I'd sell "exclusive use" for fifty bucks.
I'm sure you're all dying to see the
fifty dollar picture, right?
Hrm. And if I report this income as income on my taxes for 2005 (odds are good I will unless I forget -- I report income from my loan business, after all), am I then allowed to straight-line depreciate my digital camera against the "business" income? Hrm.
[Voice of reason] NO! Bad touch! NO! The camera is a TOY. It is a TOY for FUN. We do not depreciate FUN TOYS on our fucking taxes. That would totally defeat the
fun and
toy aspects of the thing, don't you see?[/Voice of reason]
Just report the fucking income and pay the damn taxes. Gotcha. Er. The last time I called the IRS to find out how to report income that wasn't wages or 1099 forms or whatever, the IRS helpline person got all shirty with me like it didn't WANT me to report income from my loan business. It started talking about things like usury. (Seven percent on unsecured personal loans is not very usurious, if you ask me.) It did not sound very interested in helping me report my loan-business income, so I hung up on it. I report said income on schedule B -- interest income -- by the name of the person I use in my bookkeeping. So, y'know, I have
First American National Bank of PA and I have
ING DIRECT (those being the people who send me 1099 forms) and then I have stuff like
PG2 and
BKW and
CSM, these being some of the people who send me interest but not 1099 forms. I know how much interest each of them pays me because I've got amortization schedules and stuff for each loan. Thus far (it's been three years of tax returns), the IRS has not complained.