how to approach taxes and the actor?

Hi Babybole,

It should be under the tax category; but I know the answer.

Regular employment goes under earned income as does the 1099 statement for your professional acting work.

Expenses for your performance supplies are still tax deductible since you are still earning a portion of your income with acting.

If your 1099's are paid to an assumed name (DBA or LLC) that you use (my SAG name is different than my legal name), all the better because you have 3 years to "show a profit" before the entity (LLC) is determined to be considered inactive and invalid for itemized write-offs.

Hope this helped -- and hopefully you can "break a leg" full time. Chicago is a wonderful proving ground for acting.

I would go get professional help like at H&R Block.

I am an actor as well that took on full-time employment in a different field. If you are going to file as both occupations, you will need a little help. The main thing you need to worry about is getting audited if you aren't crystal clear about where your income is coming from and why you are itemizing certain deductions. Don't forget that you can write off tax preparation to offset the fees you'll pay for professional help.

Go to a place like H&R Block. They know the tax laws inside and out and its not that expensive. (They find many a deduction that the average person doesn't even know about.)

proffesinal