mhr1
Level 3

General Business Income

The only income I have related to this Schedule C self-employed business income/sales is the liquidation of misc items sold through eBay. Do I enter that amount under General Business Income?

It is common in my line of business that, even though I have no sales for a year, I continue to develop concepts and unsaleable models that might relate to a future paying project. So, I do have expenses/deductions to itemize for this business. That is not a problem, correct?