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Self-employment Income
Income earned from conducting a business or profession as a sole proprietor, independent contractor, or freelancer, subject to self-employment tax.
Nondeductible Expense
A cost incurred by a taxpayer that cannot be deducted from income when calculating taxes owed.
Cash Distribution
The payment of earnings from a corporation or a fund to its shareholders or investors.
Rental Income
The money earned from renting out a property or real estate.
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