For your Karaoke business, you are considered to be Self-Employed for reporting Income and Expenses. In your case, these could include cell phone, mileage, supplies, computer, mic's, for example.
Type 'Schedule C' in the Search area, then 'Jump to schedule c' to get to this section.
Or under Wages & Income', click on Self Employment Income.
Here's some Startup Business Tax Tips to help you.
If you received a Form 1099-INT from the IRS, here's How to Enter 1099-INT.
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