For your small business be sure to have all records relating to your business earnings and expenses. If you are a sole proprietorship or use a legal entity such as an LLC or corporation you generally calculate your taxable business income in similar ways. Start by reporting gross receipts or sales for the year along with your business expenses.
The following resources provide further details:
https://turbotax.intuit.com/tax-tips/small-business-taxes/how-to-file-federal-income-taxes-for-small...
https://turbotax.intuit.com/tax-tips/self-employment-taxes/reporting-self-employment-business-income...
Have an amazing day. Evelyn M (CPA 20+ years)
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