Hi Monki12480,
I am following up behind the original tax expert with some additional assistance. Based upon the type of entity you determine your business will be classified, you will report the income and expenses on the tax form. Without more details, I will use an example I see more often than not, 1040 Schedule C. I have provided link here as well. https://www.irs.gov/pub/irs-pdf/f1040sc.pdf. In using this example, you would input income and expenses on the appropriate areas. I have also included the 1040, Schedule C instructions as well.
https://www.irs.gov/pub/irs-pdf/i1040sc.pdf. This is probably the most common but without more specific information on the business type, I can provide this example to get you started. Hope this additional information is useful. Thank you for allowing me to assist you today.
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