Why is there a negative income amount under my self-employment income and expenses section

elizabethneo · ‎February 2, 2021

AliciaP1 · ‎February 5, 2022

If you are certain you have entered your income and expenses correctly you can leave the loss there.

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KrisD15 · ‎February 2, 2021

You must have had more expenses than revenue and are claiming a loss.

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Peg56 · ‎February 5, 2022

Can I let this there or do I need to fix it some how?

AliciaP1 · ‎February 5, 2022

If you are certain you have entered your income and expenses correctly you can leave the loss there.

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VolvoGirl · ‎February 5, 2022

It's ok to show a loss on Schedule C. It will be deducted from all your other income. It's a good thing, for taxes at least. Not for your business if you aren't making a profit.

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Why is there a negative income amount under my self-employment income and expenses section