This document provides a checklist of potential income and expense categories for a fitness trainer to consider when filing their income taxes, including vehicle expenses, equipment, supplies, advertising, education costs, and options for conducting business from home. It emphasizes tracking mileage, continuing education expenses, and clarifying if any 1099 forms received reflect gross or net income.
This document provides a checklist of potential income and expense categories for a fitness trainer to consider when filing their income taxes, including vehicle expenses, equipment, supplies, advertising, education costs, and options for conducting business from home. It emphasizes tracking mileage, continuing education expenses, and clarifying if any 1099 forms received reflect gross or net income.
This document provides a checklist of potential income and expense categories for a fitness trainer to consider when filing their income taxes, including vehicle expenses, equipment, supplies, advertising, education costs, and options for conducting business from home. It emphasizes tracking mileage, continuing education expenses, and clarifying if any 1099 forms received reflect gross or net income.
Fitness Trainer Income Tax Checklist Gross Income:
Vehicle and Travel Equipment
Starting mileage (Jan 1) Dumbells / Kettlebells Ending mileage (Dec 31) Mats Commuting / Personal Plyometric boxes Equipment purchase miles Bosu balls / Weight balls Continuing education miles Band / Tubing Fitness training miles Jump ropes / Ropes Other business miles Cones Other business miles Other Tolls / Parking Car registration Supplies Interest paid on vehicle A/V equipment Airfare & Lodging Fitness apparel / Uniform / Shoes Hotel / Motel Stopwatch Business Meals BMI scale / Skin calipers / Tape measure Tolls / Parking Other Uber / Taxi Repairs on equipment / supplies: Legal and Professional Tax preparation Advertising Attorney fees Business cards Certification / Renewals (CPR or PT) Social media / Website / Email services Other Promotional items / Paid ads Marketing Office Other Pens / Pencils / Paper Other Tablet / Computer and accessories Training software / CRM Education Printer / Toner / Ink Continuing education / Seminars Other Tuition / Professional development Other Books Other Communication Cellphone Other Cellphone accessories Building rent / Gym fees Tablet / Aircard service Outsourcing (substitute trainer) New cell / Aircard Labor (employee / contract) Home internet Conduct business at home? Yes / No
* Does your 1099 reflect your gross pay, or your net pay after deductions? You need to know!