- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Do not report the net of income and expenses.
When reporting self-employment income and expenses, the gross income and gross expenses are reported.
Gross income is reported under Part I of Schedule C.
Gross expenses are reported under Part II of Schedule C.
Net profit or loss is reported on line 31.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 5, 2025
9:49 AM
575 Views