Business & farm

You should be able to claim on Loss on schedule C.  For 2019 Schedule C Net Profit or Loss now goes to 1040 Schedule 1 line 3.  Then the total on schedule 1 line 9 goes to 1040 line 7a.

 

Is it not letting you show a loss?  

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.  I bet that's what you did.  You need to say All your Investment is at Risk (check Box 32a). It means you are using your own money for the business.

 

Ok here are the steps for 2018 Onilne returns, hopefully it's the same for 2019.  2 ways to get there

 

Go to the Search box in the upper right and type in Schedule C

Then click on Jump to Schedule C

 

Click on Edit or Review by your Business name

Go to Uncommon Situations - click Edit or Start

Make sure the 5th box is NOT checked for "I have money invested in the Business that I'm not at risk of losing"  and probably check the None of Above Box.

then Continue

 

OR

 

Click on Federal on the Left side

Income & Expenses at the top

Self Employment (2nd item in  listing) click on Start or Show More/Start or Review

Click Review by your Business name

Scroll down to Uncommon Situations - Click Start or Edit

Make sure the 5th box is NOT checked for "I have money invested in the Business that I'm not at risk of losing" and probably check the None of Above Box.

then Continue