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April 7, 2021
Question

Self-Employed Business Loss 1099-NEC

  • April 7, 2021
  • 1 reply
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I have a 1099-NEC side job as a trainer.  At the height of the pandemic, my scheduled workshops were canceled.  Can I claim this as a business loss?  If so, where?

1 reply

April 7, 2021

No you cannot deduct scheduled workshops as a business loss.  You do not have to pay income tax on it either.