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R
ray-gill03
February 20, 2025
Question

I had a $2563 loss on self-employment income. why is that amount not deducted from my gross income

  • February 20, 2025
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    1 reply

    R
    RobertB4444
    February 20, 2025

    Please clarify - how did you enter your self-employment income?  The schedule C loss should carry over to your 1040 and be deducted from your gross income.  Although it could be offset by other schedule 1 income like rental real estate or unemployment in which case it would offset that income.

     

    @ray-gill03 

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