Hi again! I just received a few 1099s for a business I started in 2020. It is a Virtual Assistant business. Here is the information you will need for the tax return:

Total income $35,900

Expenses:

• Software systems $4,500
• Website $550
• Office supplies $830
• Dues and subscriptions $2,500
• Facebook ads $5,000
• Charitable contributions $3,000
• Meals with potential clients $475
• Entertainment with potential clients (theater, sports, etc) $1,300
• Business miles 1,480 Total miles 15,900

I wasn't great at keeping track of everything but I have receipts for all of these things.

We also had $69 in interest income on a 1099-INT.

Add this information to the tax return and recalculate the tax due and the refund based on this information. Don't forget QBI.