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Get your taxes done using TurboTax
Thought I'd follow up with a couple analogies:
Farmer with 20-acre field buys seeds (corn), an expense.
Corn crop on 20 acres yields several bushels of corn in harvest sold at market; the income.
Chrysler operates and maintains a 2000-acre Nevada test track costing $100,000 per month; an expense.
Chrysler tests some new prototypes for GM exclusively for one month. For $100,000 income.
Vine reviewer subjects garden and camping products to rustic, woodsy conditions in a 20-acre rural setting. an expense.
Vine reviewer retains the value of the items tested as compensation; the income.
Somewhat
‎January 20, 2025
1:36 PM