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November 30, 2023
Question

Can I claim employment expenses for professional income?

  • November 30, 2023
  • 1 reply
  • 0 views
I am a contractor, is this self-employment income or professional income?

    1 reply

    December 1, 2023

    The main difference between business and professional income is that businesses have inventory and sales.

     

    Professional income is an income that comes from a profession that has a governing body (such as lawyers, engineers, dentist, architects, physicians etc... ). 

     

    Please specify what type of profession you perform ?

     

    Thank you for choosing for TurboTax.