Alex Kirby of the “Life After Football” blog asks: When it comes to itemizing deductions on your business taxes, do you consider the entire price of the book as revenue, then deduct the cost of printing and whatever Amazon takes out before you get your cut, or do you only start with the royalty you get for each book? For example, if I have a book that sells $19.99 and costs $2.50 to print, do you deduct the $2.50 as an expense?
Self-Publishing Questions has been on hiatus for two weeks. Steve had a rough transition when he got home from hiking Mount Kilimanjaro, plus he had some trouble getting back into the swing of things in terms of motivation. He apologizes for the unscheduled break.
From now on, the podcast will run Monday, Wednesday, and Friday. Continue reading