Tax Related Questions > Income Sources > Business

Self-Employment Profit or Loss Subtract your self-employment expenses from your self-employment income. If the difference is positive, meaning your self-employment income was greate...
Profit or Loss from Business - Schedule C Schedule C is included with your return to report income or loss from a business you operated or a profession you practiced as a sole proprietor or si...
Net Profit from Business - Schedule C-EZ Schedule C-EZ is a simpler version of the normal Schedule C. You attach to your 1040 to report income and expenses, and ultimately your net profit or ...
Self-Employment Tax Schedule SE calculates the tax due on your self-employment earnings. Generally speaking, you must pay self-employment tax if you earned $400 or more i...
Net Operating Loss - Form 1045 - Schedule A Form 1045 Schedule A is used to compute a net operating loss (NOL) and determine the amount available for carryback or carryforward. Those with a neg...
Miscellaneous Income - Form 1099-MISC Form 1099-MISC reports various types of miscellaneous income other than wages, salaries, and tips, which are reported on a W-2 instead. Payments for ...
I rent out a property to others; do I have to pay taxes on this income? Yes, you must report and pay taxes on all your rental income using Schedule E [Supplemental Income and Loss]. Note that you could save a little mon...