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Level 3
posted Jul 12, 2020 12:14:58 PM

can you deduct self employed net loss from your W2 income(regular job)?

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!!!

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1 Best answer
Not applicable
Jul 12, 2020 12:22:08 PM

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

1 Replies
Not applicable
Jul 12, 2020 12:22:08 PM

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