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Schedule C, to do or not to do
For years I have had to do the Sch C as a self employed theatre professional, with 1099 income and rarely a W2. But over the last two years, I have been employed full time and though I am still consulted etc, my 1099 work has dropped off and for the first time I have no 1099 income. Can or should I file a Sch C to reflect that I still have my business? I have a full office in the home, that has come in mighty handy since C19 and I have put that on the C over the years......or should I make this all unreimbursed business expenses in the dedutions area? If I go with a schedule C it will be the 3rd years with a loss, even though I have made more money they ever, just via the W2.
‎June 26, 2020
10:36 AM