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New Member
posted Apr 17, 2022 1:44:17 PM

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

0 2 280
2 Replies
Expert Alumni
Apr 18, 2022 6:52:01 AM

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

Level 15
Apr 18, 2022 7:06:23 AM

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