self employment puts in automatic minus amount

[txkpt]

my self employment has an automatic minus, example -$1500, already in place.  example what if I made over $4,000 in cash or 1099?

[BrittanyS · Accepted solution]

Self-employment is calculated by your gross earnings minus your business expenses. If your expenses exceed your earnings, you will show a loss on your return, which will reflect a negative number.  You will enter self-employment income and expenses in TurboTax by following these steps:  

1. Click Wage and Income
2. Scroll down to self-employment, click show more
3. Click revisit/start next to self-employment income and expenses
4. Click Add another line of work
5. Follow the remaining interview questions to input self-employment income

For more information on Self-employment income, see the link below:

Self-employment Income

@txkpt