Tax Forms to accompany Schedule C

[esantoro]

I know I have this information in my tax books, but I thought I'd ask, just in case some folks know this information as second nature.

Are there particular tax forms I need to fill out in addition to, or to accompany, Schedule C for the following particulars?

1. Home office/workshop deduction.

2. Depreciation of machinery.

3. Startup expenses incurred prior to becoming an official Sole

Proprietorship in 2008.

Thanks for the help.

Ed

[rustyriggin]

My wife is a manager for H & R Block, and she said you don't want to do a home/office because of a bunch of tax stuff I don't understand, that has something to do with paying alot of money back if you sell your home. Be sure to depreciate your larger expence's and if you show a big loss carry over the loss to future years so if you show a big profit later you wont be paying as much in taxes. Hope this makes more sense to you that it did me. Rus

Edited April 7, 2009 by rustyriggin

[esantoro]

Thanks, Rusty.

Can I carry over losses for only my Schedule C leather business taxes: sales and expenses? Or must I show a loss for both my leather business and my W2 work?

ed

[rustyriggin]

Ed, you should only show losses on your leather work on your schedule C. Rusty