ThomasM125
Expert Alumni

Business & farm

All of the forms and schedules in TurboTax are not fully functional yet, so it may be that the program is not calculating properly. If you are using the desktop version of TurboTax, you need to make sure you perform the updates: "Online" and then "Check for Updates."

 

Self-employment income reported on a schedule C is earned income. If you have more than one business, however, a loss on one business will reduce income on another which could result in no earned income overall.

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