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Old 12-19-2012, 04:09 PM
Darryl G Darryl G is offline
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Join Date: May 2001
Posts: 7,967
OK, I'm at my other computer now, the one with my books on it. 2002 was Year 1 $3,500 net, year 2 $11,500 net, year 3 $23,000 net. That's just gross income minus expenses. As I recall, the first two years were a loss though as far as income tax goes...after depreciation and other adjustments. I was kind of bummed when I had to start paying taxes on my income in my third year, lol.
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