I spent my lovely Easter Sunday doing taxes. Yep, I tend to procrastinate because I usually wind up paying the IRS.
But this was the first year I had to report income from my writing! Not a lot, by no means. Good heavens no! But it’s the first actual income I’ve made from writing and that, despite the headache of having to do Schedule C, was pretty exciting.
I was also able to claim deductions for the expenses I incurred in pursuit of my writing career. It’s quite interesting what you can and can not deduct and I would highly recommend either you do a lot of reading on the topic or get advice from a tax professional.
I have, as a result of my rather exasperating experience this year, set up an Excel spreadsheet to keep track of my writing expenses for 2009. I also keep all my receipts, of course, for anything I’ve spent money on that’s related to my writing, but the spreadsheet will make things a lot easier for me next year.
Anyway, I’m nearly done with my taxes and can move on to other things.
I can’t believe we’re almost half-way through April! I have two short stories that are due at the end of the month that I must get cracking on. I’m nearly done with edits for my novella for Ellora’s Cave and will send that back to my editor today. Revisions on other novellas are proceeding.
Looks like our run of beautiful, sunny weather has been broken today. Appears to be a cloudy, cooler, rainy Monday in store.