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Don’t get put off by the jargon. we need to calculate the Terminal Value, which accounts for all future cash flows beyond.
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· Using a Sch C means you are self employed, rather than employed by someone else. Your cash earnings are reportable even if you don’t get a 1099, & you will pay self-employment taxes on the net earnings, which is what you have left after deducting your expenses for those odd jobs.
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