Yes, I think the tax authorities are under a misapprehension as to artistic practice. Any professional artist's income from art is extremely variable. Often, artists invest a lot in their practice, especially at the beginning of their career. As a result, they incur a lot of expenses that will unfortunately not be covered by income. Often, they incur expenses to produce a series of works to be sold in a different tax year. So artists often record operating losses, which may be recurring. That raises questions in the eyes of the tax authorities, that is, whether...
