Yes, there is a difference between business income and Professional income. Business income is income from any activity you do for a profit and includes sales, commissions, or fees. For example, income earned as an electrician or plumber is considered business income.
Professional income is the same except that your income is from a profession that has a governing body. For example, professions like lawyers, professional engineers, doctors, and other health professionals to name a few.
In TurboTax you must enter your income under either Business or Professional income.
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