Am I now a business?
Hi All,
So, after a year and a half of hard work, it looks like I will be signing a deal with a large publisher to write a textbook. I am thrilled, and can hardly believe it. Unfortunately, I won't get any time off to write the book (except maybe 2 weeks here and there over the next two years), and will continue to work full time.
My question is, can I also say that I am my own business? In terms of taxes, I would love to deduct part of my mortgage and living expenses. For more immediate pleasure, I would sure love to sign up (legitimately) for some sweet business credit cards.
Can anyone help me out? It's a medical textbook - not an accounting one!
So, after a year and a half of hard work, it looks like I will be signing a deal with a large publisher to write a textbook. I am thrilled, and can hardly believe it. Unfortunately, I won't get any time off to write the book (except maybe 2 weeks here and there over the next two years), and will continue to work full time.
My question is, can I also say that I am my own business? In terms of taxes, I would love to deduct part of my mortgage and living expenses. For more immediate pleasure, I would sure love to sign up (legitimately) for some sweet business credit cards.
Can anyone help me out? It's a medical textbook - not an accounting one!
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