Tuesday, 13 November 2012
My First Cheque For Writing
One thing I'm not sure of is, do I have to declare it as income? I know that the $100 I'll be getting for my story, 'Crossroads', at 'In fabula-divinos' will be income, it's payment for the right to publish the story. However, I don't know if money won in a contest is the same. Hopefully, my accountant will know.
Interestingly, this story also came in seventh. For seventh place I will be getting a cheque for $17. Considering that it only cost me three dollars to enter the Freecon competition, I'm actually going to get a greater return from this little comp. than what I got from the big international contest.
Writer's Digest, $20 entry, 7th place, $25 prize = $5 profit.
Unicon Freecon, $3 entry, 7th place, $17 prize = $14 profit.
Writing is a funny business.