With the investment in both of them my tax's are almost finished.
From the Self Employment Tax (tax rules) it reads.
Your NOTARY PUBLIC INCOME is your income minus your expenses.
If your notary income is part of the income of a business, you must prorate the income received as a notary. To do this, divide the total notary public income by the total income and multiply this number by the net income from the business."
Is this what they are saying to do? Based on If I made $600 (with $145 of that is for my notarizing) with $20 in expenses. Then do I take $145 divided $580=sum--which is 25%------then multiply net income benign 580 x 25%=$145 as my self employment adjustment. Am I right here or not. I hate word math problems. TIA lots and lots
JoAnn Baracosa
Simple Solutions Notary Service
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