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

posted

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

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