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Author: blackmare Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 311070  
Subject: Re: It does hurt sometimes Date: 9/1/2003 12:32 PM
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I absolutely take the student loan interest deduction. I also deduct business expenses, including gas, a mileage log, all my receipts for supplies and for food on the job, and miscellaneous things like framing of my paintings and printing of business cards. And also the tithe I pay is deductible as a charitable contribution.

Because of this discussion I am taking a MUCH closer look at my tax papers from the last couple years, and finding that I am, indeed, being charged penalty (not much, about $68 this year) for not paying quarterly taxes. And my deductions for the last year came to well over $5K of my $18K in pay. I am not actually sure how to record and report independent income, now I think of it. From Martha I get a 1099, but what form do I use for myself?

Definitely time to take a drive to Tampa and talk to my accountant.



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