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Do you have to pay taxes on a travel baseball team
My husband started a travel baseball team and we are not sure if we need to file or not.
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Do you have to pay taxes on a travel baseball team
Does he receive money for playing?
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Do you have to pay taxes on a travel baseball team
No he does not. The only money that is received is for player fees,tournaments and uniforms.
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Do you have to pay taxes on a travel baseball team
You mean he receives money from the other players?
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Do you have to pay taxes on a travel baseball team
Yes but he does not make money himself off of the team. The team also has an EIN# doas that matter. I'm sorry this is our first year doing this.
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Do you have to pay taxes on a travel baseball team
Don't worry about it. He could just claim it as hobby income and deduct expenses up to the amount of income.
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Do you have to pay taxes on a travel baseball team
But to do this how do I go about doing it on turbotax?
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Do you have to pay taxes on a travel baseball team
Hooby income is entered as Miscellaneous Other Income, Hobby, under federal taxes , wages and income. Try entering the words hobby income in the search window.