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All CollectionsSchedule J: Expenses
Schedule J - Calculate your monthly net income
Schedule J - Calculate your monthly net income

See how line 23 (23a-23c) is calculated on Schedule 106J

Kelly Torres avatar
Written by Kelly Torres
Updated over 10 months ago

Line 23: Calculate your monthly net income.

Line 23a: Copy line 12 (your combined monthly income) from Schedule I.

Line 23b: Copy your monthly expenses from line 22c above.

Line 23c: Subtract your monthly expenses from your monthly income. The result is your monthly net income.

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