Business Farm Supplement

jude_36
Fri, 14 Mar 2008 13:47:49 +0000

OK, now that I see the form. Line 11a is looking for just what it says, gross receipts less returns. If you sold $100.00 in stuff and $5.00 got returned, that number would be $95.00. Then you enter in the other expenses (the $100 you paid for the tshirts, etc) and end up with your income.

On line 13d they want to know the wages your parents were paid for working at the business.