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  • Re: Can I file Schedule C for single member LLC with less than $400 income and choose NOT to deduct expenses that would put me in loss position?
SweetieJean
SweetieJean
Level 15
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Business & farm

Sorry, but the IRS requires you to claim all related expenses.  For example, see this:

earned income self employment income and business expenses | Earned Income Tax Credit (irs.gov)

 

‎February 27, 2021 1:50 PM
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