You will likely receive a tax form from Etsy stating the amount of income you earned for the tax year. Also include tax-related details, including your principal business code, employer identification number, etc. Place business-related receipts and other tax documents in the folder and check them off the list. Prepare for tax season by printing this checklist and attaching it to a file folder. _Snacks and refreshments for your passengers _Mileage (using the Standard Method) OR all other expense below (using the Actual Expenses Method) _Carpet, tile, lighting, and other upgrades _Contributions to an individual 401(k) plan cash records, W2 income, spouse/partner income, investments) _Any other income records you may have (e.g. The checklist below (or this PDF version) can help you organize your paperwork into the appropriate tax categories, ensure you don’t miss out on any money-saving tax deductions and save time when you prepare your tax return using TurboTax.
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