Legal Question in Family Law in Ohio
calculating support when owning own business
My question is simple but can't seem to find the answer. I own my pet sitting business and operated at a loss this past year. When calculating child support they ask for gross income. Does this mean my gross before legal business deductions on my tax form or after the business deductions? Thanks..
Asked on 4/09/06, 5:25 pm
1 Answer from Attorneys
Frank Rozanc
Frank J. Rozanc, Esq.
Re: calculating support when owning own business
Gross income means just that. You get to deduct your ordinary and necessary business deductions farther down on the form, which included self employment tax.
Answered on 4/10/06, 3:05 pm