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Why is there a negative income amount under my self-employment income and expenses section
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posted
February 2, 2021
2:43 PM
last updated
February 02, 2021
2:43 PM
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Why is there a negative income amount under my self-employment income and expenses section
If you are certain you have entered your income and expenses correctly you can leave the loss there.
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February 5, 2022
12:36 PM
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Why is there a negative income amount under my self-employment income and expenses section
You must have had more expenses than revenue and are claiming a loss.
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February 2, 2021
3:08 PM
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Why is there a negative income amount under my self-employment income and expenses section
Can I let this there or do I need to fix it some how?
February 5, 2022
8:53 AM
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Why is there a negative income amount under my self-employment income and expenses section
If you are certain you have entered your income and expenses correctly you can leave the loss there.
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February 5, 2022
12:36 PM
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Why is there a negative income amount under my self-employment income and expenses section
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.
February 5, 2022
12:38 PM
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