Tag: Residual Calculation

VA Residual Income Method for Sole Proprietors & Add-Backs

Question: Our client is showing a net loss on line 31 of Schedule C, as a sole proprietor. We have enough allowable add-backs to still show some income when doing residual income for taxes. What do we use for income to determine the tax bracket and factor in deductions to calculate the correct residual?  This […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

Scroll to Top