Section 365.950 - Expenses not Allowed as a Cost of Producing Self-employment IncomeExpenses not allowed as a cost of producing self-employment income are as follows:
(A) Payments on the purchase price of income producing real estate and capital assets, equipment, machinery and other durable goods. Interest payments are deductible;(B) Net losses from previous periods of time;(C) Federal, state and local income taxes, money set aside for retirement purposes, and other work-related personal expenses (such as transportation to and from work). These expenses are accounted for by the 20% earned income deduction; andAmended by Mass Register Issue 1330, eff. 1/13/2017.