Another Professional Writing Milestone
Sunday, 5 April 2009 23:04![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
dr_phil_physicsDoing Taxes
Have done Phase I (the usual job and home stuff) and Phase II (Dr. Phil's writing business) in TurboTax Deluxe. Just Phase III (State) to do. We've been using TurboTax since we bought the house. Every year it's slightly different, but every year it imports the previous year's return so we have categories for all the same charitable deductions and business expenses, etc., which is a huge time saver.
I Made Money in 2008
With two big pro sales paid in 2008, "A Man in the Moon" to WOTF XXIV and "The Brother on the Shelf" to Analog, and expenses for postage and two cons, ConFusion in January 2008 and WindyCon in November 2008, I actually made a profit of $159 on my short story writing for 2008. According to my Schedule C.
Woo-hoo!
Time For The Big Time
So I guess I got to get serious about getting my novel projects going and start earning those "big author bucks". (sn*rt) It's not to late to make some money for 2009. (grin) There's even a few payments which were made since January 1st, so I've already had 2009 writing income.
Is this the fun part? Are we having fun yet?
Dr. Phil
Have done Phase I (the usual job and home stuff) and Phase II (Dr. Phil's writing business) in TurboTax Deluxe. Just Phase III (State) to do. We've been using TurboTax since we bought the house. Every year it's slightly different, but every year it imports the previous year's return so we have categories for all the same charitable deductions and business expenses, etc., which is a huge time saver.
I Made Money in 2008
With two big pro sales paid in 2008, "A Man in the Moon" to WOTF XXIV and "The Brother on the Shelf" to Analog, and expenses for postage and two cons, ConFusion in January 2008 and WindyCon in November 2008, I actually made a profit of $159 on my short story writing for 2008. According to my Schedule C.
Woo-hoo!
Time For The Big Time
So I guess I got to get serious about getting my novel projects going and start earning those "big author bucks". (sn*rt) It's not to late to make some money for 2009. (grin) There's even a few payments which were made since January 1st, so I've already had 2009 writing income.
Is this the fun part? Are we having fun yet?
Dr. Phil
![[identity profile]](https://www.dreamwidth.org/img/silk/identity/openid.png){kind=small}
no subject
Date: Monday, 6 April 2009 12:19 (UTC)no subject
Date: Monday, 6 April 2009 14:37 (UTC)Of course, this is all a technicality. It won't let me "quit my day job" and if I were to pro-rate the profits across the number of hours worked... well, let's just not go there. Still, it's progress.
Dr. Phil
no subject
Date: Monday, 6 April 2009 15:53 (UTC)no subject
Date: Monday, 6 April 2009 20:58 (UTC)Dr. Phil