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@patrickm514 I have one as well that makes $20/day give or take.

@kshell Rough rule of thumb is that you want at least 100k in "business income" for it to be "worth it" but that is a rough rule, as i said. I don't think you're in trouble, from an IRS perspective, because you've likely paid taxes on profits personally. BUT you are likely defeating the entire...

@family1stdad Fair enough. Either way it’s a mess until he sorts it out lol. New CPA for sure though

@family1stdad What makes you think they’d have done the QBI deduction if they didn’t file anything else? Lol

@family1stdad If the profit was reported as income on the personal tax filing, they likely paid for it already, and just paid more than they could've gotten away with

@theistnightmare you don't pay self employment or payroll taxes