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Posted by Paul Thomas, CPA on March 24, 2008, 3:59 pm
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>I am filing for the first time in many years, thinking it's best to
> file not just this year - I earned a bit of taxable income- but also
> for last year (no taxable income, just a small rental income).
>
> For last year's 1040, when I did not work, under occupation, should I
> put "unemployed" or "retired" or what? You could say that I'm
> retired, as I live in Mexico and do not work. I'm only 50 yo,
> however!
>
> For this year, I might enter " handyman" for occumpation since I did
> work six weeks in such capacity helping some people. Problem is, my
> state (NM) has a gross receipts tax. If the work is occasional and I
> do not hold myself out as being in business, then it is exempt. I'm
> concerned that calling myself a handyman makes it my official
> business.
>
> Is it best to simply put "retired" for both years? Do they care?
I doubt they care. What you are supposed to put down is what your ~primary~
activity is. So for you it may be "retired" and for a college kid it might
be "student" although you both may have part-time jobs or self-employment
income of some nominal amounts.
An alternate would be "retired/p-t handyman"
--
Paul A. Thomas, CPA
Athens, Georgia
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