Ask Experts Questions for FREE Help !
Ask
    sps966's Avatar
    sps966 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jan 9, 2010, 08:20 PM
    Must I file Schedule C
    I sell Avon, I have filed Schedule C with my 1040 ( I work part time) for the past 3 yrs each time showing a loss and no profit for Avon this year it is the same I'm thinking it is a hobby as I don't work at it. Do I have to file a Schedule C this year( I'm showing a loss) or can I just forget it
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #2

    Jan 11, 2010, 06:09 AM

    If you received $400 or more, you should file.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #3

    Jan 11, 2010, 10:55 AM
    The $400 in gross income receipts is NORMALLY the threshold for filing a Schedule C.

    However, if you have NOT shown a profit these past three years an an Avon representative, and you wish to convert it to a hobby, then NO Schedule C is required on your 2009 return.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

What are schedule 40 and schedule 80 pipes as used on ships [ 1 Answers ]

What are schedule 40 and schedule 80 pipes as used on ships.difference in the pvc type and the steel type?

Schedule 40 & Schedule 80 Pipe? [ 1 Answers ]

I am curious what the difference is between Schedule 40 & 80 pipe? And where/when is it used? Also if someone could also help me regarding Class 200 & Class 315 pipe, and Solvent Weld pipe I would greatly appreciate it. Thanks.

Schedule A Deductions and Schedule C - No AGI [ 1 Answers ]

Hi, I am a sole proprietor (an electrician) and after finishing schedule c I basically had very little profit to report from the business. With no other Adj Gross Inc, I started to figure my itemized deductions, but with no Adj Gross Inc, how can I best use my itemized deductions? Thanks,

Do I need to file schedule c for my 1099-misc? [ 1 Answers ]

The amount on 1099-misc is 600$ and my expences for it on schedule C are 425.59. Do I only write 174$ on line 13 of 1040NR or am I better of doing deductions for this in my Itemised deductions-schedule A and writing full amount of 600 as business profit?

View more questions Search