Sole Proprietorship and personal taxes?

So, my standard deduction is higher than my itemized deductions. I have a sole proprietorship, however, and I HAVE to itemize because of it. My ...


So, my standard deduction is higher than my itemized deductions.

I have a sole proprietorship, however, and I HAVE to itemize because of it.

My sole proprietorship is a very small internet business, it’s not really income, it’s a hobby, but was told to claim it to not get in trouble with the big boys.

I was wondering if, when I do my taxes, I would be taxed on more of my income because my standard deduction is higher than my itemized?

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One Response to “Sole Proprietorship and personal taxes?”

  1. v b says:
    April 2, 2010 at 12:29 pm

    If you have hobby income and it’s modest, you can discover, as you have, that the hobby expenses evaporate when you can’t itemize.

    Happens. Not a surprise.

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