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Level 3
July 12, 2020
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can you deduct self employed net loss from your W2 income(regular job)?

  • July 12, 2020
  • 1 reply
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I am doing doordash for a part job. i just ran the number and figure out that i am losing net. Can i deduct loss net from my W2(regular job 8  - 5 )? Thank you!!!

Best answer by

you report the loss on schedule C.  it will reduce the taxable income from your wages.  

1 reply

Answer
July 12, 2020

you report the loss on schedule C.  it will reduce the taxable income from your wages.