Oh wow, good to know. Well some good news: we're looking at a financial loss for the year due to loan payments, which according to what I've researched are *not* tax deductible. Also, I made personal income outside of the business from investments and selling other items on the internet. Since not reporting this additional personal income would be fraudulent, I'm sure you would recommend that I report it, thus showing a NET profit on my tax return and being able to contribute to my 401(k) plan. Thanks again!
