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Deductions & credits
@KristinaK: Thank you for the clear, helpful answer. I sincerely appreciate it.
@AmeliesUncle: Thanks for the advice. If taxation were the only consideration, I would probably not be going this route. Fortunately, I anticipate this business being very small for the time being — it will by no means be my primary source of income.
July 16, 2020
11:35 AM