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New Member
posted Dec 8, 2023 6:48:24 PM

Self employed under 400 but working full time

I made less than 400 as a self published author. I also work full time. Can I still claim deductions for self employment even though I'm under the threshold for Schedule C? I also spent more money than I made as a self published author 

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1 Replies
Level 15
Dec 8, 2023 8:21:06 PM

Yes and you can claim a loss. Read  Not-for-Profit Activities  on page 7   https://www.irs.gov/pub/irs-pdf/p535.pdf