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In business income, do I report net sales or net income? I have already added my expenses.
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In business income, do I report net sales or net income? I have already added my expenses.
On the Sch C you will enter either GROSS income and take the sales tax as an expenses OR NET income ( gross - sales taxes ) ... either is correct just be consistent.
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In business income, do I report net sales or net income? I have already added my expenses.
Thank you! That makes sense.
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In business income, do I report net sales or net income? I have already added my expenses.
TurboTax only prompts for 1099's! How do I enter net income?
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In business income, do I report net sales or net income? I have already added my expenses.
Net income, but not net profit.
Net income could include interest income as well as the sales income.
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