self employment puts in automatic minus amount
my self employment has an automatic minus, example -$1500, already in place. example what if I made over $4,000 in cash or 1099?
my self employment has an automatic minus, example -$1500, already in place. example what if I made over $4,000 in cash or 1099?
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:
For more information on Self-employment income, see the link below:
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