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01-31-2018 03:23 PM
I have a few questions. I m not sure if I could claim as a detucible expenses such as airline tickets, gas recipts, car rentals and hotel recipts for 2016 on our taxes . We do have a tx Id and although we didnt make alot of money. we have alot of expenses that came out. can I claim them and if so what form do I need to have. Look forward to hear from you
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02-02-2018 11:48 PM
Based on your question, I'm guessing that you're a performer, and have done some gigs that required some extensive travel. If that is correct, your income and expenses from the singing gigs would go on Schedule C, as self-employment income.
There are spaces there to enter your income, travel expenses, supplies, and all of your other expenses. For most people, it is easier to claim the standard mileage rate for your personal vehicle instead of saving all of the receipts - if you want to claim actual expenses, then you would need to keep track of *every* vehicle expense (gas, oil changes, wiper blades, etc.), calculate the percentage of your annual mileage that is business-related...and then multiply each of the categories by that percentage to come up with the vehicle expenses.
I have a side line teaching private music lessons, so I have a somewhat similar situation to yours - although there are times when teaching lessons isn't nearly as much fun as performing.
Hope that helps. Feel free to fire more questions at us!