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Tony worked as an independent contractor fixing computers for local businesses and received the following 1099-Misc: Interview Notes: Tony did not have any partners or
- Tony worked as an independent contractor fixing computers for local businesses and received the following 1099-Misc:
- Interview Notes:
- Tony did not have any partners or employees. His business does not have a separate address or EIN.
- In addition to the form, he also reports that he made an additional $2,650. He has a printout from his bank to show the separate deposits made throughout the year.
- He lists the following businesses expenses:
- $445 advertisements
- $50 parking ticket Tony received because a repair took longer than expected and he didn't have time to run out to the meter
- $375 in parking and tolls
- $715 in computer supplies
- Vehicle information:
- Business miles: 1,113
- Other miles: 7,630
- Commuting miles: 2,600
- Vehicle placed into service June 13, 2014
- This vehicle is also for personal use and Tony does not have another vehicle at home.
- Tony kept track of his mileage in a hand-written log he kept in his car.
- Complete a Schedule C with the information provided. You will want to download the Schedule C form that opens as a PDF to access the editable version. NOTE: If you receive any warnings about opening the file in another viewer, you can ignore that warning and download the file.
- Submit a PDF copy of your completed tax form to the associated assignment submission folder.
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