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Subject:  Schedule C question!!!!!!! Date:  11/2/2000  1:24 PM
Author:  Camilo Number:  41428 of 127636

Hi there,

I have a regular job and on the side I edited a few chapters in a book.

Question 1) That "on the side income" is reported as self employed income on schedule C, correct?

Question 2) Can I buy a computer and a PDA and deduct them right off the top of the self employed income?

Example: I made $6,000 doing the editing. I buy a $2,000 computer and a $500 PDA. Does that mean I only pay taxes on $3,500 worth of self employed income come April?

Thanks so much!!!!

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