Self-Employment Ledger

***This form must be completed correctly or it will be returned***

**Allowable Business Expenses: Most business expenses may be subtracted from your self-employment income, but not all the expenses can be. Please contact your caseworker if you have any question on whether or not to list a business expense below.

Examples of expenses that are allowed and could be listed include:

• Amounts paid for items needed in the business such as repairs, advertising, feed, seeds, fertilizer, etc.

• Amounts paid for income-producing real estate, capital assets, equipment, machinery, and other durable goods required for the self-employment business. [Capital assets and durable goods are generally objects used in business that are expected to last a long time such as tractors, combines, buildings, etc.]

• If the home is connected to the business property (farm), only the business portion of shelter expenses may be used as a deduction.

• If the business meets office in the home requirements, the business portion of shelter expenses may be used as a deduction if the household requests it. 

  
  

Examples of expenses that are NOT allowed and should not BE LISTED INCLUDE:

• Monthly telephone charge unless there is a separate business phone [long distance telephone charges that are business related may be deducted however].

  
  
  
  

• Mileage expenses from the home to the first and last work location cannot be deducted, even if the business is located in the home. [Mileage deductions are only allowed for trips between business sites, not for commuting from the home to the business].

INCOME (MONEY RECEIVED BY RECIPIENT)

EXPENSE (COSTS OF SELF-EMPLOYMENT)