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Business & farm
"....... how can i deduct musical equipment, internet, car insurance etc. from it if im not an LLC."
You cannot have it both ways. Either you have been receiving hobby income, or self-employment income. And either type of income was supposed to be put on your tax return. If you had hobby income, you cannot deduct expenses. If you had self-employment income, you can prepare a Schedule C for your expenses.
HOBBY INCOME
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
‎November 28, 2023
7:23 AM