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Strategies & Market Trends : Income Taxes and Record Keeping ( tax )
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To: Brendan W who wrote (719)3/7/1998 1:41:00 PM
From: MrCash  Read Replies (1) of 5810
 
At the time you decided to invest in a publicly traded partnership you decided that you wanted a competent CPA to do your taxes.

Makes sense. What about having a very small hobby/business with maybe $3,000 in income and $2500 in expenses? Is there an easy way to account for the $500 income on a line or two of Schedule 1040 and Schedule A?

It seems I should just have to keep good records and write down the $500 as misc income, but that probably makes too much sense.

thanks
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