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URL:  http://boards.fool.com/schedule-c-question-13615334.aspx

Subject:  Schedule C question!!!!!!! Date:  11/2/2000  1:24 PM
Author:  Camilo Number:  41428 of 121585

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!!!!

Camilo
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