how do you file mp3's you've sold on soundclick.com for taxes?

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how do you file mp3's you've sold on soundclick.com for taxes?

how do I report those?

do i report those?!!!

2007-03-08 08:14:28 · 1 answers · asked by The-School.org 2 in Business & Finance ➔ Taxes ➔ United States

1 answers

The sales are fully taxable. File Schedule C to account for your income and business expenses. If your net profit is more than $400 for the year, file Schedule SE to calculate your Self Employment tax which is 15.3% of the net profit from the business activity.

2007-03-08 09:30:16 · answer #1 · answered by Bostonian In MO 7 · 1⤊ 0⤋