To do this, you’ll need to fill out IRS Form 2441 (Child and Dependent Care Expenses) and attach it to your 1040 when you file your taxes. Earning passive income doesn't need to be difficult ...

You will report your income and expenses on Schedule C of Form 1040 if you have business income and are a sole proprietor (i.e., the only owner of an unincorporated business).

Schedule E is a tax form used to report rental property income and expenses. Here’s what you should know.

Because as you get to the tax forms, you get to the income first and you'll go through that and you'll get the expenses." he said. READ MORE | New $5M training center in Summerville offers cutting ...

Form 8829 is used to claim the home office deduction by calculating the business-related portion of home expenses. Self-employed individuals and freelancers can deduct costs such as rent ...