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Can you please help me with filling out a schedule C for the side gig I have describe :Graphic Design and the details how we

Can you please help me with filling out a schedule C for the side gig I have describe :Graphic Design and the details how we arrived at those numbers
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Take one of the two gig or side businesses that you described in the Gig Economy Project - Part 1 and fill out a hypothetical Schedule C for the first year of that activity. After you complete the schedule C, print it, scan it, and upload it into Moodle along with a one-page Word document explaining how you arrived at the numbers on your Schedule C for income and expense, referencing where appropriate what you've learned about Schedule C business deductions from Chapter 3 , and how those business expense deductions relate to the activity you have chosen to model. Side Gigs Economy Nowadays, many people try to discover their passions and hobbies through which they can earn additional income, in addition to the amount of money they eam in their basic profession. Side gigs are considered independent jobs or casual occupations that certain individuals engage in to gain additional income in addition to their profession. Side gigs can be evidenced in different forms depending on the interpreting skills and ambitions of people. Through side gigs people can follow their passions while receiving the relevant economic benefits and why not turn these passions into a full-time self-employment profession. Some of the side gigs are freelance writing, graphic design, photography, personal trainer etc. Engaging in side gigs requires the realization of their distinction as a business or hobby in terms of taxes. The IRS distinguishes business from hobby by analyzing different factors, one of which is the realization of an economic benefit. The treatment of side gigs as a business allows the deduction of business expenses and the payment of access to tax benefits. The cases I am considering as side gigs are graphic design and freelance writing Graphic Design includes all visual creations with specific content such as logos, marketing material or various websites. The use of special skills will be put into the function of realizing the needs of clients. Clients may request a logo for a certain brand or brochures for business marketing in such a way that they are visually attracting the majority of the population with their activity of business. To ensure that the IRS will treat it as a business, certain steps must be taken, including: 7 Creation of a special bank account dedicated to the business so that expenses and income can be easily tracked. 7 Business registration at the local state center to make sure you need a special permit or license Mnintaining records of expenses and income in certain notebooks gibitife cueed to ge

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