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Level 1
Oct 27, 2021 4:25 PM UTC
Question

Difference between self-employed and home-based business?

What is difference between self-employed and home-based business, or is there a difference?

    2 replies

    Level 15
    Oct 27, 2021 4:29 PM UTC

    @kmmspicer48 wrote:

    What is difference between self-employed and home-based business, or is there a difference?


    There really is no difference. You can work exclusively from home and still be considered "self-employed".

    Alumni - Intuit
    Oct 27, 2021 4:30 PM UTC

    Hi kmmspicer48,

     

    Any type of business that you engage in for profit is considered self-employed for IRS tax purposes.

     

    A home-based business could be one example of being self-employed. A business that you operate outside your home would be another example. 

     

    If you have other specific questions, please ask!

     

    I hope this information is helpful.

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