Why do sole proprietors not include all the items of income and deductions related to their business

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Why do sole proprietors not include all the items of income and deductions related to their business in the calculation of the business’s operating income?

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Concepts In Federal Taxation

ISBN: 9780324379556

19th Edition

Authors: Kevin E. Murphy, Mark Higgins, Tonya K. Flesher

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Question Posted: Mar 29, 2013 05:31 AM

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Why do sole proprietors not include all the items of income and deductions related to their business

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A sole proprietorship is not an entity separate from its owner Because the results of the sole propr...View the full answer

Concepts In Federal Taxation

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