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Gross profit:   Additions to

Additions to Gross Profit

If your business has income from a source other than its regular business operations, enter the income on line 6 of Schedule C and add it to gross profit. The result is gross business income. If you use Schedule C–EZ, include the income on line 1 of the schedule. Some examples include income from an interest-bearing checking account, income from scrap sales, and amounts recovered from bad debts.

Previous Page: 334-Figuring Gross Profit-Testing Gross Profit Accuracy
Next Page: 334-Business Expenses
Use   to find additional instances of index items.


Master Index | List of Publications | List of Acronyms