randellion77
Returning Member

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