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Get your taxes done using TurboTax
I'm still somewhat confused about this situation as well. Let's say you made 2,000 in income and your rent + groceries were 1,500. Is it not considered part of the operating expenses that you need to pay for rent and food to operate your business as a sole proprietor?
For example, what if we were just starting out and needed the money to cover rent and food?
‎April 4, 2021
9:18 AM