Tax Season

[bob jenkins]

You should report all your income -- whether paid by cash or check; or from the school or the association / assigner; whether you get a 1099 or not.

you should also deduct all your expenses.

In general, it's far worse to under-report your income than it is to over-report your expenses

[BillyMac]

Originally Posted by bob jenkins

you should also deduct all your expenses.

Dues, fines, insurance, camps, mileage (games, meetings, camps), equipment (whistles, lanyards, bag, etc.), uniforms, shoes, books, DVD's, etc.

Wait. I'm being told ... No profit over expenses? Are you sure? Dang it. I've got to get a better schedule.

[just another ref]

Also, I'm not sure what defines a hobby, (something you do other than your primary job?) but in the past I've been told, if a hobby makes money, it is taxable, but if it loses money, it is not deductible.