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user38886697
June 13, 2024
Question

What am I doing wrong? My self-employment info shows the net income as a loss of over $5,000., but my info shows net income of around $1900.. What am I doing wrong?

  • June 13, 2024
  • 1 reply
  • 0 views
The Turbo Tax calculates it as a loss.  I can't figure out how to get the right answer from TT.

    1 reply

    J
    Jo2810
    June 14, 2024

    If your self-employment shows a net loss of $5,000 and your total income on line 15000 is $1,900, you may have entered other sources of income (such as employment income, RRSP income, or other sources).

     

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