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Marie makes baked goods Question 2 of 45. Marie makes baked goods and jams and sells them at craft fairs and farmer's markets in her
Marie makes baked goods
Question 2 of 45. Marie makes baked goods and jams and sells them at craft fairs and farmer's markets in her local area. In 2018, she collected $4,738 as a result of these sales. She doesn't consider herself to be self-employed, but she does have expenses related to this income. Marie plans to open a small bakery in town within a few years. How should Marie report this income on her 2018 return? She should file a Schedule C (Form 1040) and report her income and expenses on Schedule 1 (Form 1040), line 21. BU Marie can report the income on Schedule C-EZ (Form 1040) because her income is less than $5,000. Marie can report the income on Schedule 1 (Form 1040), line 21, because her income is less than $5,000. O Marie should report this income as Hobby Income on Schedule 1 (Form 1040), line 21. She can also include her expenses on Schedule A (Form 1040). Mark for follow up Question of 45Step by Step Solution
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