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Financial Planning / Tax Strategies


Subject:  Re: Taxes: Schedule C or E Date:  8/10/2012  2:45 AM
Author:  TMFPMarti Number:  116528 of 124821

I'm guessing the nuance here is the difference between showing a profit and making a profit.

No, the difference is between having a positive cash flow and having a book profit, which isn't calculated from cash flow. The big factor is depreciation, which isn't a cash expense but does reduce your taxable profit.

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