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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
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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.  

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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?

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