No, two years is about right. 2005 was my first full year as a wedding photographer. Since your profits cease to be profits in the eyes of the govt. once you buy business equipment with them, I had a $4000 loss last year. This year my prices have jumped quite a bit, and my equipment is pretty much bought so there'll be a real "taxable" profit. I'm trying to keep it as small as possible, though, because I still work a 40/hr corporate job that pays the bills... 2007, I'm toast as my prices have increased again and just about all of it will be taxable.
I know, I know, you're cryin' your eyes out for me, Ay?


