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Business & farm
Your business begins when you are open and ready to sell product or provide services. You are not required to report income and/or a profit on Schedule C.
Verify your business loss is included on your return by previewing Form 1040 Line 12. To preview your Online return, go to My Account at the top. Then Tools, then View Tax summary. Then you can click on Preview My 1040 at the top.
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‎June 5, 2019
10:22 PM