Hi All,
I posted this on the entrepreneur board, was hoping for a couple more answers as to the cost/benefit.
I am looking for some tax advice regarding side hustle.
About 4 months ago, I created an account on Rover.com for dog boarding in my house. I am not doing much, but this is one option for income after FIRE, so I wanted to try it and build a little clientele and positive reviews.
This year, I expect to earn about $1000. I have not requested any payouts yet so cash I have earned is just sitting in the account and I can request payment via check or PayPal.
So far, I have not incurred any expenses. I do offer dog transportation and track my mileage. The dogs have the run of my house and when I am out they stay in a spare room with a baby gate.
Currently making about $250k a year in my day job, mortgage paid off, do my own taxes with turbo tax. Would it be worth the money to set this up as a business and have someone do my taxes with deductions for use of my house / car / etc for the business? I know nothing about this and appreciate any resources you can suggest.
Thanks!