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Subject Author Date
Google adsense revenue bob 02-04-2007
Posted by bob on February 4, 2007, 2:05 am
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 Let's say you run a web site just as a hobby (not as a big
business), and you made 100 dollars from Google adsense.
Where would this get reported on your personal federal
income tax form?

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Posted by Paul Thomas, CPA on February 5, 2007, 1:31 am
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> Let's say you run a web site just as a hobby (not as a big
> business), and you made 100 dollars from Google adsense.
> Where would this get reported on your personal federal
> income tax form?

Line 21, as other income.

--
Paul Thomas, CPA
paulthomascpapc@bellsouth.net

<< ======================================================= >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
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Posted by Kreig Mitchell on February 5, 2007, 1:31 am
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b...@coolgroups.com wrote:

> Let's say you run a web site just as a hobby (not as a big
> business), and you made 100 dollars from Google adsense.
> Where would this get reported on your personal federal
> income tax form?

You should be able to list it on a Schedule C, taking any
deductions against the income (such as for hosting costs,
internet access costs, etc.). The hobby loss rules may come
into play if you try to claim expenses greater than the
income. Otherwise, you can list it as "other income" on the
first page of your return.

Kreig Mitchell
www.irstaxtrouble.com
www.irstaxtrboule.com/blog.htm

<< ======================================================= >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ======================================================= >>

Posted by robert.moredock@gmail.com on February 5, 2007, 1:31 am
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b...@coolgroups.com wrote:

> Let's say you run a web site just as a hobby (not as a big
> business), and you made 100 dollars from Google adsense.
> Where would this get reported on your personal federal
> income tax form?

Schedule C

<< ======================================================= >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ======================================================= >>

Posted by Bill on February 5, 2007, 1:31 am
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bob@coolgroups.com posted:

> Let's say you run a web site just as a hobby
> (not as a big business), and you made 100
> dollars from Google adsense. Where would
> this get reported on your personal federal
> income tax form?

Line 21 - "Other Income." As noted in the Form 1040
Instructions, this seems to precisely fit the definition
given in the list of examples: "Income from an activity not
engaged in for profit."

Bill

<< ======================================================= >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ======================================================= >>

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