ilmscore | Prediction Details
"now you're going to make money whether it's from your business or your .99 income and then you get to spend this money because now you can have qualified business expenses these are called Ordinary and necessary expenses where now you could tell the IRS hey I need a cell phone to run my business I need a laptop to run my business I need a car for my business I need to go to California to meet with some people for my business now you get to spend money here and then you pay taxes on whatever is left"
By Minority Mindset | March 17, 2024 | Pending
From video
How To Make $100,000 Per Year - STEP BY STEP 00:42:16 - 00:42:51
Interpreted Prediction
Business owners and 1099 workers can deduct 'ordinary and necessary' expenses (e.g., cell phone, laptop, car, business travel) that are essential for running their business, thereby reducing their taxable income.

Prediction Details

Topic
Business Expenses and Tax Deductions

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