Section 16.03.05.402 - SELF-EMPLOYMENT ALLOWABLE EXPENSESAllowable operating expenses subtracted from self-employment income are listed in Subsections 402.01 through 402.17 of this rule. (3-17-22)
01.Labor. Labor paid to individuals not in the family. (3-17-22)02.Materials. Materials such as stock, seed and fertilizer. (3-17-22)03.Rent. Rent on business property. (3-17-22)04.Interest. Interest paid to purchase income producing property. (3-17-22)05.Insurance. Insurance paid for business property. (3-17-22)06.Taxes. Taxes on income producing property. (3-17-22)07.Business Transportation. Business transportation as defined by the IRS. (3-17-22)08.Maintenance. Landscape and grounds maintenance. (3-17-22)09.Lodging. Lodging for business related travel. (3-17-22)10.Meals. Meals for business related travel. (3-17-22)11.Use of Home. Costs of partial use of home for business. (3-17-22)12.Legal. Business related legal fees. (3-17-22)13.Shipping. Business related shipping costs. (3-17-22)14.Uniforms. Business related uniforms. (3-17-22)15.Utilities. Utilities for business property. (3-17-22)16.Advertising. Business related advertising. (3-17-22)17.Depreciation. Depreciation for equipment, machinery, or other capital investments. (3-17-22)Idaho Admin. Code r. 16.03.05.402