topic where can i find info on my "side gig 1099 job" deductions? in Self employed

where can i find info on my "side gig 1099 job" deductions?

jwishnoff21475 — Tue, 24 Feb 2026 07:04:50 GMT

how do i join the live forum??

Re: where can i find info on my "side gig 1099 job" deductions?

Loretta P — Wed, 30 Aug 2023 16:12:29 GMT

Hello @jwishnoff21475. What type of Side Gig 1099 job do you have?

Re: where can i find info on my "side gig 1099 job" deductions?

jwishnoff21475 — Wed, 30 Aug 2023 16:14:48 GMT

i work in water safety for Open Water swimmers, Kayak support

Re: where can i find info on my "side gig 1099 job" deductions?

jwishnoff21475 — Wed, 30 Aug 2023 16:20:32 GMT

where do i enter my expense deductions using Turbotax? transportation, tolls , kayak and accesories purchases? do I declare this as "self employed" ?

Re: where can i find info on my "side gig 1099 job" deductions?

Loretta P — Wed, 30 Aug 2023 16:21:14 GMT

@jwishnoff21475 That sounds really interesting.

Here are a two links to TurboTax help articles that go though many of the common deductions for small businesses.

Taking Business Tax Deductions

Reporting Self-Employment Business Income and Deductions

Re: where can i find info on my "side gig 1099 job" deductions?

Loretta P — Wed, 30 Aug 2023 16:25:31 GMT

@jwishnoff21475 If you are using your social security number for the business you would report the income and expenses on a Schedule C with your individual tax return. If you have incorporated or formed a partnership you would file the business tax return 1120 for a corporation, 1120-S for an S-corporation or 1065 for a partnership.

What is a Schedule C IRS form?

Re: where can i find info on my "side gig 1099 job" deductions?

jwishnoff21475 — Wed, 30 Aug 2023 16:26:27 GMT

is there a simpler way than using schedule C when total side gig income is about $4000 or less and total deductions are approx $1000 or less? Thanks for your help and suggestions

Re: where can i find info on my "side gig 1099 job" deductions?

Loretta P — Wed, 30 Aug 2023 16:32:10 GMT

@jwishnoff21475 The Schedule C form is used for all self-employed sole proprietor type businesses. I have seen them completed with only 2 entries, one for income and one expense. TurboTax will walk you through completing the Schedule C. You do not need to enter something on every line, only complete the sections that apply to your business.

Where do I enter Schedule C?

Re: where can i find info on my "side gig 1099 job" deductions?

jwishnoff21475 — Wed, 30 Aug 2023 16:39:32 GMT

thanks Loretta, last question,

If I buy a new kayak for approx $1500 -$2000 in 2023, can i deduct it as an expense this year for the full amount or does it need to be amertized and depreciated over time??

Re: where can i find info on my "side gig 1099 job" deductions?

Loretta P — Wed, 30 Aug 2023 17:05:12 GMT

@jwishnoff21475 That's a great question! These articles will help you determine based on your situation if it is better to expense using Section 179 in the first year, take bonus depreciation or regular depreciation.

What is a Section 179 deduction?

Managing Assets