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Standard deduction benefit on self-employed business
I am a small business of managing rental properties. I work on it on my own. My total annual income is less than $1500 for 2024 and it is solely from the business. How do I report this income so that I can get maximum tax benefits? Do I report wage to me by business and then my personal income as wage and take standard deduction on that?
Or something else?
How do I put all this on TurboTax?
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March 20, 2025
10:22 PM