Self-Employment Expenses Not Allowed

Self-employment expenses not allowed are as follows: (7-1-24) 01. Payments on the Principal of Real Estate. Payments on the principal of real estate mortgages on income-producing property. (7-1-24) 02. Purchase of Capital Assets or Durable Goods. Purchases of capital assets, equipment, machinery, and other durable goods. Payments on the principal of loans for these items. (7-1-24) 03. Federal, State, and Local Income Taxes. (7-1-24) 04. Savings. Monies set aside for future use such as retirement or work-related expenses. (7-1-24) 05. Labor Paid to Any Family Member. (7-1-24) 06. Loss of Farm Income Subtracted From Other Income. (7-1-24) 07. Personal Transportation. (7-1-24) 08. Net Losses from Previous Periods. (7-1-24)