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  #8  
Old 04-15-2004, 06:55 AM
Stuart O. Bronstein
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Default Re: Chair rental at Beauty Palor

Catherine White <cgwhite12[at]rcn.com> wrote:
- quote -

> Locksley O. Young wrote:

> > My wife rents a chair at a Beauty Parlor and does
> > hairdressing there in the evenings on weekdays and on
> > Saturdays.
> > > How should I report this income? I am having a hard time

> > finding the appropriate category in Turbo Tax. This is not
> > reported as a Business, right?


> Why on earth would you think this is not a business?


Well, she's a woman.

- quote -

> If she rents the space (chair), and charges for her work, it's a
> business and she is a Sole Proprietor. Schedule C. Don't
> forget her expenses (shampoo and other supplies, chair
> rental fee, telephone calls to confirm client appointments,
> et cetera)...


Oh. Forget what I said.

Stu

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  #7  
Old 04-14-2004, 08:03 AM
Catherine White
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Default Re: Chair rental at Beauty Palor

Locksley O. Young wrote:

- quote -

> My wife rents a chair at a Beauty Parlor and does
> hairdressing there in the evenings on weekdays and on
> Saturdays.
> How should I report this income? I am having a hard time
> finding the appropriate category in Turbo Tax. This is not
> reported as a Business, right?


Why on earth would you think this is not a business? If she
rents the space (chair), and charges for her work, it's a
business and she is a Sole Proprietor. Schedule C. Don't
forget her expenses (shampoo and other supplies, chair
rental fee, telephone calls to confirm client appointments,
et cetera)...

Catherine

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  #6  
Old 04-14-2004, 06:27 AM
Dick Adams
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Posts: n/a
Default Re: Chair rental at Beauty Palor

Locksley O. Young wrote:

- quote -

> My wife rents a chair at a Beauty Parlor and does
> hairdressing there in the evenings on weekdays and on
> Saturdays.
> How should I report this income? I am having a hard time
> finding the appropriate category in Turbo Tax. This is not
> reported as a Business, right?


There was a self-employed electrican who made quartely
payments and filed his taxes properly except he classified
his earned income as "Other Income". One day he got
audited!! What a mess!!

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  #5  
Old 04-13-2004, 09:32 AM
Harlan Lunsford
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Default Re: Chair rental at Beauty Palor

Locksley O. Young wrote:

- quote -

> My wife rents a chair at a Beauty Parlor and does
> hairdressing there in the evenings on weekdays and on
> Saturdays.
> How should I report this income? I am having a hard time
> finding the appropriate category in Turbo Tax. This is not
> reported as a Business, right?


It is indeed a separate business. use schedule c and
report her gross income, and by GROSS I mean TOTAL income
on line 1

then she can deduct her supplies and her booth rental that
she paid to the beauty shop owner.

IF however, the beauty shop has issued her a 1099-misc for
her net (gross minus the booth rental) then use that figure
on line 1.

Cheer$$$,
Harlan Lunsford, EA n LA

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  #4  
Old 04-13-2004, 08:54 AM
Missy Doyle
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Posts: n/a
Default Re: Chair rental at Beauty Palor

locksley[at]att.net (Locksley O. Young) wrote:

- quote -

> My wife rents a chair at a Beauty Parlor and does
> hairdressing there in the evenings on weekdays and on
> Saturdays.
> How should I report this income? I am having a hard time
> finding the appropriate category in Turbo Tax. This is not
> reported as a Business, right?
> Any help will be greatly appreciated.


Yes it is a business, use Schedule C and SE, if necessary.

Missy

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  #3  
Old 04-13-2004, 08:15 AM
Gene E. Utterback, EA
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Posts: n/a
Default Re: Chair rental at Beauty Palor

"Locksley O. Young" <locksley[at]att.net> wrote:

- quote -

> My wife rents a chair at a Beauty Parlor and does
> hairdressing there in the evenings on weekdays and on
> Saturdays.
> How should I report this income? I am having a hard time
> finding the appropriate category in Turbo Tax. This is not
> reported as a Business, right?


This most definitely IS a business.

Gene E. Utterback, EA

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  #2  
Old 04-13-2004, 07:37 AM
Sassy Baskets
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Posts: n/a
Default Re: Chair rental at Beauty Palor

- quote -

> My wife rents a chair at a Beauty Parlor and does
> hairdressing there in the evenings on weekdays and
> on Saturdays. How should I report this income?


Schedule C.

- quote -

> This is not reported as a Business, right?

I'm not sure what else you would call it.

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  #1  
Old 04-13-2004, 07:18 AM
Arthur L. Rubin
Guest
 
Posts: n/a
Default Re: Chair rental at Beauty Palor

Locksley O. Young wrote:

- quote -

> My wife rents a chair at a Beauty Parlor and does
> hairdressing there in the evenings on weekdays and on
> Saturdays.
> How should I report this income? I am having a hard time
> finding the appropriate category in Turbo Tax. This is not
> reported as a Business, right?


Wrong, almost certainly. It IS a business.

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Old 04-13-2004, 06:40 AM
CLJ1219
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Posts: n/a
Default Re: Chair rental at Beauty Palor

- quote -

> How should I report this income? I am having a hard time
> finding the appropriate category in Turbo Tax. This is not
> reported as a Business, right?


Yes, it is reported as a business. The income she receives
is just that--income. Her chair rental can be classified as
either rent or commissions (depending on whether she pays a
flat fee for the chair rental or if she pays a commission
based on what she earns). Be sure to deduct any supplies,
products, etc. that she purchases for use. If she pays a
shampoo gal, don't forget that as well.

Carol
What can one expect of a day that begins with getting out of bed.

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  #-1  
Old 04-12-2004, 10:33 AM
Locksley O. Young
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Posts: n/a
Default Chair rental at Beauty Palor

My wife rents a chair at a Beauty Parlor and does
hairdressing there in the evenings on weekdays and on
Saturdays.

How should I report this income? I am having a hard time
finding the appropriate category in Turbo Tax. This is not
reported as a Business, right?

Any help will be greatly appreciated.

Thanks.
Locksley

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beauty, chair, palor, rental
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