a taxpayer is unsure about gross business income and they do not know what to include. the taxpayer is a self employed cash basis contractor that installs and repairs air conditioning units for businesses and individuals. should the following be included as gross business income on their schedule c? the contractors spouses 1099-misc box 3
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Gross business income includes all income received from business activities before any expenses are deducted. This includes cash, checks, credit card payments, and any other form of payment received for services rendered. Show more…
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