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New Member
posted Feb 20, 2025 9:27:32 AM

I had a $2563 loss on self-employment income. why is that amount not deducted from my gross income

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1 Replies
Expert Alumni
Feb 20, 2025 2:31:21 PM

Please clarify - how did you enter your self-employment income?  The schedule C loss should carry over to your 1040 and be deducted from your gross income.  Although it could be offset by other schedule 1 income like rental real estate or unemployment in which case it would offset that income.

 

@ray-gill03