Question
Danielle received a W-2 from her job as a Teacher with the following information: Virginia Beach Public Schools 206 Main Street, Virginia Beach, VA 23453
Danielle received a W-2 from her job as a Teacher with the following information:
Virginia Beach Public Schools
206 Main Street, Virginia Beach, VA 23453
EIN: 58-2345899
Wages $40,500
Federal withheld 2,680
State taxes withheld 1548
Social Security tax 2,511
Medicare tax 587
As a school teacher, Danielle is often asked to help her neighbors children. She does this work on the side. This year, she began an entrepreneurial venture (1/08/18) which is small, but profitable. Danielle has no rent expense. She did not set up a home office either. She also did not make any payments that would require filing Forms 1099. Below is the information for Danielles cash basis tutoring business:
Name: A-Plus Learning
Business Activity type: Education Services
Business Activity Code: 611000
Tutoring Fees $5,240 (No Forms 1099-MISC received)
Expenses:
Business Miles 184
Total Commuting Miles 9400
Other Personal Miles 5800
Total Miles driven 15,384
(Danielle keeps a written log of her auto miles. Use the standard mileage rate.)
City business license $150
Supplies $210
Liability Insurance $130
How would Danielle record this information about her side business tutoring on her 1040 form?
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