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Aim09(Newbie)Newbie
22 June 2024

Hello,

I am looking to self- publish a book, under a publishing company I am going to set up, so I will have an ABN.

Am I able to claim the costs of acquiring an illustrator, printing and distribution costs?

does this apply if i unfortunately don’t make a profit?


Thank you for any advice



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248 views
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Bruce4Tax(Taxicorn)Taxicorn
23 June 2024

Those costs will count as part of trading stock, so will carry forward till sales are made.


Best to go to a tax agent if you don't know what to do.


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Most helpful reply

Bruce4Tax(Taxicorn)Taxicorn
23 June 2024

Those costs will count as part of trading stock, so will carry forward till sales are made.


Best to go to a tax agent if you don't know what to do.


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Self Publishing Costs- can i claim these? | ATO Community