Podcast episode: Losses are normal, and debunking the itemizing vs business deductions misconception
Hard years can include—and almost universally DO include—year one. So, we expect you to have a loss year one. A lot of artists feel guilt and shame that they don’t make money at first. But, neither did Uber. Neither did that restaurant you ate dinner at last night. That’s normal.
-Hannah Cole
This week, Hannah talks about how losses are normal for art businesses, and why artists don’t need to feel so bad about them. Plus, an explanation of itemized deductions vs. business deductions (hint: don’t throw out those receipts!). All of this in part 2 of a 2 part podcast interview on The Passionate Painter podcast.