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Business & farm
Thank you, that makes sense. What about the question as to whether this was passive income? For context, my LLC encompasses a more general business (running a blog on money-saving/money-making ideas, such as this one). I'm trying to determine whether the profit from this 1) is subject to SE tax; 2) would enable me to take a healthcare premium and/or IRA deduction against it.
‎September 27, 2021
7:47 AM