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hello and welcome to this session in which we will discuss sorting business expenses that could apply differently for self-employed and employee which is they require little bit of explanation if you are self-employed you prepare a Schedule C so you prepare a Schedule C you would list your income and you would list your expenses and youamp;#39;ll either not have a net income or a net loss then eventually the net income or the net loss will go to your form 1040 whether itamp;#39;s net income or net loss and this is adjusted gross income itamp;#39;s listed above adjusted gross income so any expenses you take are four adjusted gross income however if you are an employee and you qualify for certain deduction itamp;#39;s going to go on schedule a so you add up all your deductions which is some of them will be office in the home and they are deducted below AGI which is from AGI so itamp;#39;s very important to understand this concept I repeat I repeat this concept every time because it
