![]() professional services necessary for your business, such as lawyers' fees and tax preparation costs.membership fees to professional associations, like the American Federation of Musicians. ![]() fees associated with maintaining your website, like domain registration and monthly hosting.the costs associated with registering for a business license.Note that expenses related to a home studio are deductible, as are: Launching and maintaining your music business usually involves paying some basic business expenses, and you can deduct these on your tax return. Running a music business likely requires certain monthly expenses, and you can claim these as deductions to reduce your tax liability.
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