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Schedule E
A tax document for reporting supplemental income or loss, notably from real estate, S corporations, or partnerships.
Gross Income
Total income from all sources before deductions, allowances, or exemptions are factored in.
Schedule C
An IRS form used by sole proprietors to report income or loss from a business.
Real Estate Professional
An individual who works in the real estate industry, typically licensed to perform transactions or offer services related to real estate.
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