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kaelin-griffiths
New Member

Is income reported before or after expenses from my business?

 
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Accepted Solutions
VolvoGirl
Level 15

Is income reported before or after expenses from my business?

Before.  You enter the gross income then enter the expenses separately.  Turbo Tax fills out schedule C for you and calculates the Net Profit or Loss.

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VolvoGirl
Level 15

Is income reported before or after expenses from my business?

Before.  You enter the gross income then enter the expenses separately.  Turbo Tax fills out schedule C for you and calculates the Net Profit or Loss.
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