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QUESTION DETAIL
Related User
Votes
After getting laid off from my job I started driving a cab part-time in NYC . I am making money (mostly cash) but no taxes are being deducted. I pay monthly gas expenses, cab lease, tolls, car wash etc. I am also using my talents to help clients with web
ANSWER
The BIDaWIZ Team's Answer:
Yes: you may claim all of your self-employment income,
and deduct all of your corresponding self-employment deductions,
on Schedule C, of your Form 1040. You are not required to separate
the separate sources of income, and deductions.
