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Level 2

Question

Schedule C expenses

Forum|Forum|4 months ago
March 22, 2026
3 replies
14 views

are Schedule C expenses no longer deducted dollar for dollar FY2025?

Level 15

Deducted from what? Yes they are deducted from the income on schedule C. Nothing has changed. What are you seeing?

If you are not showing a loss on Schedule C.
Some expenses, such as home office or section 179 depreciation can only be used to reduce your schedule C taxable income to zero, and not to create a loss. Excess deductions for these carry over to the next year. And you have to answer yes to both questions about exclusive and regular use, not just one. The area of your home office must be used regularly and exclusively for business to deduct it.

Or you checked the box on Schedule C line 32b saying Some Investment is Not at Risk.

Level 2

Thank u for the help