Since it's an online business, you'll need to track business income and eligible business expenses. Assuming you haven't incorporated the business, at tax time you'd file Schedule C (profit or loss from business), Schedule SE (self-employment tax), and probably Form 8829 (expenses for business use of your home), along with your Form 1040. You may also have other tax forms (federal and/or state) to file that don't necessarily pertain to your business. Treat this as general information and talk with a tax professional if you need detailed advice based on your specific situation.
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