Mich. Admin. Code R. 206.1
Current through Vol. 24-05, April 1, 2024
Rule 1. "Business income" means that income which is derived during the regular course of a taxpayer's trade or business. The expenses incurred in deriving the income are allowed as a deduction from gross income in determining the taxpayer's adjusted gross income.
Mich. Admin. Code R. 206.1