Taxes - Reporting Side Income
Expired
Thread created 01-14-2013 by xur17
0 Score
13 Replies
1,635 Views
Do you treat them as one business?
I would.
Taxes - Reporting Side Income
Expired
Thread created 01-14-2013 by xur17
0 Score
13 Replies
1,635 Views
doesn't it suck, how the more you work, the more taxes they take?
Taxes - Reporting Side Income
Expired
Thread created 01-14-2013 by xur17
0 Score
13 Replies
1,635 Views
Has nothing to do with 1099!
It depends on the nature of the business if its two different businesses it should go separate.
Taxes - Reporting Side Income
Expired
Thread created 01-14-2013 by xur17
0 Score
13 Replies
1,635 Views
Anything under $400 isn't reported to the IRS from Adsense, but that doesn't mean you shouldn't claim it on your taxes. That just means you are unlikely to get caught.
Taxes - Reporting Side Income
Expired
Thread created 01-14-2013 by xur17
0 Score
13 Replies
1,635 Views
How much are we talking?
Taxes - Reporting Side Income
Expired
Thread created 01-14-2013 by xur17
0 Score
13 Replies
1,635 Views
Paypal sends them if you have over 200 transactions, and $20k, which I don't.
Taxes - Reporting Side Income
Expired
Thread created 01-14-2013 by xur17
0 Score
13 Replies
1,635 Views
You should do multiple schedule c's from each type of business/activity because the irs doesn't want people disguising losses from one business against the gains of another business.
source
Taxes - Reporting Side Income
Expired
Thread created 01-14-2013 by xur17
0 Score
13 Replies
1,635 Views
Mentally I treat them as 2 separate "hobbies" (one's a site, and one's selling stuff on Ebay). I'd prefer to just group all of my "hobbies" as one business, unless there is some reason I shouldn't.
...
Taxes - Reporting Side Income
Expired
Thread created 01-14-2013 by xur17
0 Score
13 Replies
1,635 Views
Doesn't ebay send 1099s now?
Taxes - Reporting Side Income
Expired
Thread created 01-14-2013 by xur17
0 Score
13 Replies
1,635 Views
Thanks! I'd really prefer to group all together (none of them are losing money), since it would be easier for me, and I'd be able to fill out a schedule c-ez. Also, if I fill out multiple schedule...
Taxes - Reporting Side Income
Expired
Thread created 01-14-2013 by xur17
0 Score
13 Replies
1,635 Views
I was under the impression that < $500 not to worry about, but I would report it anyways as other income in turbo tax when I had a website making about $400/year in adsense.
Taxes - Reporting Side Income
Expired
Thread created 01-14-2013 by xur17
0 Score
13 Replies
1,635 Views
Filling out the schedule is relatively painless since you will have to gather all the information whether it's on one form or two. I would recomend doing it on two just to be safe since the...
Taxes - Reporting Side Income
Expired
Thread created 01-14-2013 by xur17
0 Score
13 Replies
1,635 Views
To be safe you can use a discrete form for each one, but as long as you show or get your income to account for all the money you will be fine. Basically, just make sure you actually have the total...
Taxes - Reporting Side Income
Expired
Thread created 01-14-2013 by xur17
0 Score
13 Replies
1,635 Views
I have a few places I earn side income from (Ebay / Adsense). It is my understanding that I can fill out a Schedule C or Schedule C-EZ to cover for these (based on a few factors). Can I combine all...
