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IRS Publication 587- Business Use of Home
Since a majority of musicians conduct their small business from their households, this publication offers specific information about what deductions are allowable.
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Proposed tax law will now tax songwriters' sale of catalogue at 15% capital gains rate.
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Renting offers the most flexibility for an inconsistent tour schedule, but for a consistent tour schedule for a several year period, the costs of owning a bus will be less than renting.
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