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Employee
June 1, 2019
Solved

May I ask what's the difference between Business income and Personal Income? I did not registered any business/company. Thanks!

  • June 1, 2019
  • 1 reply
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    Best answer by Irene2805

    Business income is income you receive from a business you own and run.  Personal income is everything else:  wages from a job, interest, dividends, stocks, etc.

    If you didn't have your own business, then all your income is personal.



    1 reply

    Irene2805Answer
    June 1, 2019

    Business income is income you receive from a business you own and run.  Personal income is everything else:  wages from a job, interest, dividends, stocks, etc.

    If you didn't have your own business, then all your income is personal.



    wxtaxAuthor
    Employee
    June 1, 2019
    Because of I did not own a business, so I am not a Self-Employed person?