Of course it is possible they are all wrong and breaking the law, but I'm doubtfulIt is possible to operate a wholesaling business as a sole proprietor and claim all of your income on your personal taxes.

No Business License is needed unless your municipality requires one in WI, you can fly as a sole proprietor, LLC, LP or Corp. biggest thing to watch out for is being identified as a business at your home, the municipality wants to nail you with personal property tax.    

If you are a sole proprietor, rent income to yourself is still income so it shouldn't have a benefit.

must be something in the air waves.as for PMingthere is a legal counsel contact for every one of my clients as they are organizations; as for me i dont 'call my lawyer' i am an individual sole proprietor and so far, always pro se. litigious america, gotta luv it, eh?

Create a Solo 401k as a sole proprietor to purchase rental property.

As an Architect I can tell you that 10 days may be fast to prepare biddable drawings for an addition, but if it's a small firm or sole proprietor architect doing the work, they can do it even faster.

Lastly, when a self-employed individual maintains more than one trade or business, the questionarises as to whether the limit is based on the sum of earned income or loss from all trades orbusinesses under common control [as defined in IRC 414( c)) as modified by IRC 415(h)], or ifonly the trade or business maintaining the plan being tested is used.For purposes of the IRC 415limit, earned income for the self-employed individual is based on the sum of the earned incomefrom all the controlled trades or businesses, regardless of whether the related employer maintainsa qualified plan [Reg. 1.415-2(d)(6)].EXAMPLE: Andy, a sole proprietor, operates a law practice as a sole proprietorand has $100,000 of self-employment income from such practice for 2008 (prior tothe reduction for one-half of self-employment tax).

But with a license, you are therefore a sole proprietor and can count those expenses toward your taxes, which could offset your rental income.

Many people operate businesses as "Sole Proprietors."

Many people run their businesses as a "sole proprietor."