"Matt Whiting" wrote

I assume you are talking income from the income statement perspective.
How much did your property increase in value last year? As a sole
proprietor, you have to include you balance sheet as well. :-)
Changes in owner's equity is an important source of "income" as well.

While this is certainly true from an accounting standpoint, it is not income
that can be put in a gas tank, and burned! g
--
Jim in NC