2 ms·
> Revenue: $100k > Expenses: $100k (developer salaries) > Net operating income: $0 > Taxable income: $100k - 0.1x100k = $90k (first year deduction is 10%
by riku_iki 3y ago
> Revenue: $100k
> Expenses: $100k (developer salaries)
> Net operating income: $0
> Taxable income: $100k - 0.1x100k = $90k (first year deduction is 10% of SREs)
And idea is that your deductions you lost here will be applied in next 5 years.