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URL:  http://boards.fool.com/im-guessing-the-nuance-here-is-the-difference-30196637.aspx

Subject:  Re: Taxes: Schedule C or E Date:  8/10/2012  2:45 AM
Author:  TMFPMarti Number:  116528 of 121095

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.

Phil
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