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Business & farm
I would asume you have other income, since you couldn't even survive on month on less than $400. Since you'll probably be filing a return anyway, I would suggest you go ahead and report it on SCH C. More than likely with allowed business expenses, the business will show a loss. That loss will be carried over to next year, where the business can deduct it if you show a taxable profit for the business on the 2022 tax return.
March 1, 2022
4:36 PM