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I have a hand made jewelry business. At this point I do not make enough to pay myself a salary. Do I track my labor costs under Labor Costs in schedule C?
When I look at the IRS site for labor costs I interpret it as saying you can only track where you have paid for the labor (e.g. given yourself a salary). Am I misinterpreting that? Can I track my labor costs for making the jewelry and the time spent at shows selling it?
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May 31, 2019
7:51 PM