Should I include my sites income when filing incomg taxes?

[cadkins23]

I'm filing my income taxes but wonder if I should mention my website. I launched it in August 2006 and have spent probably $2000 before the end of the year and earned probably 400 in various ways. Anyone have any experience with this sort of thing?

Just thought I'd ask since I've been posting in here recently and figure there are other site owners out there. Thanks

[crux_op]

Sure. Chances are you can deduct that $2000 as a business expense.

[cadkins23]

Hmmm. I saved all of the receipts, etc. I wonder how you go about doing it. I probably can't just enter the stuff using Turbotax online or something.

[stolzyboy]

for home-based business or self-owned sole prop. businesses, typically you'd go to a taxman for your tax stuff and they'll fill out a "Schedule C" form for your business stuff, you'll have to pay tax on whatever you earn, and you can "write off" or "deduct" what you've had to pay to keep said business running

[Piranha]

Just notice that it differ between countries. To get accurate responses here I would state where I'm from and make sure that the persons answering is from the same country.