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IRS Publication 334, 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.

 

Information courtesy of the Internal Revenue Service.

 

Back to Figuring Gross Profit

 

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