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Deductions & credits
@JS3909 wrote:
Where do I enter the business expenses figured on the schedule C-EZ form? ...or do I have to make a decision between using them or the $6300.00 Standard deduction?
For 2016, your net business income (or loss) is entered on Line 12 of Form 1040; Line 40 (itemized or standard deduction) is completely separate and apart from the net profit/loss reported on Schedule C/C-EZ).
‎November 15, 2019
8:11 AM