Switch to Forms Mode and look at your Schedule C. Check line 32. Or maybe you entered it on another schedule C and not the one with your income and profit? See if you have more than 1 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 32b saying Some Investment is Not at Risk. People usually check the wrong box on line 32. You should check ALL is at Risk unless you know that it isn't. If you don't know what it means then probably All your Investment is at Risk (check Box 32a). It means you are using your own money for the business.
