How do I file for taxes on a not for profit small business? -

I have a small business where I make personalized products and sell them to help a person in need. I only keep a portion of the money to my expenses and the rest of the money goes to that person.I was doing this for fun at first but it has become such a help to others I need to do it the right way.Jackie Keys

If you aren t in business to make a profit, then the hobby loss rules apply. You report the income from your hobby on form 1040 other income and the expenses go on schedule A if you itemize. If you don t itemize, you aren t able to claim deductions against your hobby income. See below for more detailshttp://www.doug-tax.com/printer.iml?Arti��