Quote:
Originally Posted by letemplay
All you guys reporting on Schedule C or C-EZ?
|
Depends on your tax situation.
My real answer is that TurboTax decides for me. Looking at my return from this past year, it used C-EZ. It used C in previous years.
The one factor that will make this decision for most officials is that C-EZ is limited to $5000 of deductible expenses. According to my C-EZ, I had exactly that. That wasn't intentional, BTW -- I entered all my expenses separately and apparently that's where it ended up. I bought less in terms of baseball gear and uniforms than I normally do in 2010.
Those who work one sport probably will have trouble exceeding $5000, so (and I am not a tax professional) C-EZ seems to be designed for people like us.