turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Can the difference between my gross and net income be $28k on the Software eve though I entered $40k of business expenses?

None of the expenses are meals, etc. where only a portion can be deducted as a legitimate business expense
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
Cynthiad66
Expert Alumni

Can the difference between my gross and net income be $28k on the Software eve though I entered $40k of business expenses?

We need a little more information  to be able to assist you.   Your gross receipts minus expenses should equal net gain/loss.  

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Can the difference between my gross and net income be $28k on the Software eve though I entered $40k of business expenses?

Are these self-employed business expenses, or is related to rental income?

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies