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TMF TaxesRoy

Well I finally found and read 1362. What a pain.

Also found 589 on a MacInTax CD. Much better. And it appears that:

Gross receipts =
gross sales (returns are not deducted) plus
interest plus
dividends plus
rental income plus
stock gains (difference between buy and sell) (losses are not deducted)

I hope that my interpretation is correct. A little knowledge is dangerous you know.

Returns not deducted. Guess I could mistakenly ship my Japanese and French distributors a couple million worth of merchandise and let them return it.

Thanks.


Bill Stanley
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