Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (6) | Ignore Thread Prev | Next
Author: billyturtle Two stars, 250 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 118626  
Subject: Deductions against Schedule C Income Date: 1/22/2005 11:22 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
This is somewhat related to the question a few posts ago, but not exactly the same.

I work as a teacher and will in the next week begin contracting with a local school district to teach their tutors how to be more effective. I will have to file Schedule C or C-EZ to report this income from the district. I will typically drive from my home to the school I teach at and then from there directly to a tutoring site. From there I will drive either to another tutoring site or home. Eventually I will drive home.

Is any of this mileage deductible on Schedule C?

I'm also wondering what other deductions you think I might be able to take against my income on Schedule C, if there are any at all.

I'm just trying to get my tax house in order for the coming year. Thanks for your help.

FYI: I will probably be grossing less than $10,000 a year contracting. The vast majority of my income will come from my salary as a teacher.

billyturtle
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (6) | Ignore Thread Prev | Next

Announcements

Disclaimer:
In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
Invest Better Hub
Take advantage of our newest free service, Invest Better!
New Fool-Branded Credit Card Available!
How does your card compare to ours?
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Facebook Fool Fan Club
Be a fan of the Fool over on Facebook!
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Get the Fool Phone App
Save and share content, zero in on sectors, podcasts, and much more!
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement