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April 6, 2021
Question

Do i need to enter my expenses from my self employed or is better not to? just do with the standard deduction? i dont have much to put.

  • April 6, 2021
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1 reply

April 6, 2021

Yes.  Your self employed income and expenses should be entered.  It is totally separate from Standard Deductions.  Standard Deductions are basically personal expenses.  Your self-employment might provide an addition deduction if your expenses exceed your income.  

 

You will need to enter Self -Employment income and expenses, Here is how:

 

Use this link for details:  How To Enter Self Employed Income and Expenses

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