Thank you for your question.
If you are wanting to claim the expenses, you would need to claim the income as self employed income and enter the expenses on the business statement. You would use your first and last name as the business name.
Thank you for your question.
If you are wanting to claim the expenses, you would need to claim the income as self employed income and enter the expenses on the business statement. You would use your first and last name as the business name.
Self-employed taxpayers report their business income and expenses on Schedule C.
Each year, sole proprietors have the chore of preparing and filing Schedule C with their 1040 to show the IRS whether their business had a taxable profit or a deductible loss. (For tax years before 2019, if your business expenses were $5,000 or less for the year, you may qualify to file the short form, Schedule C-EZ.) Schedule C can seem daunting, but filing will be easier if you plan ahead and keep good records.
More wood-related info here.
fessell810
New Member
deepa-ps31-gmail
New Member
harsimrat4674285
New Member
beniashley06-gma
New Member
joanna-mhc
New Member
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.