Valerie has made salsas and jams for years. In 2020, she set up a website...
70.2K
Verified Solution
Link Copied!
Question
Accounting
Valerie has made salsas and jams for years. In 2020, she set up a website to sell her products. After deducting her expenses, Valerie made a profit of $820. She did not consider herself to be self-employed this year, but she wanted to test the market before she opens a small bakery in town in the future. On what form should Valerie report her income and expenses?
A)Form 1040, line 1.
B)Schedule C.
C)Schedule 1 (Form 1040), line 8.
D)Schedule E.
homework please help
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.