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#1
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schedule C questions
super easy basic question that im second guessing myself on. that when you file using the schedule C, do you have to itemize your losses as a deduction or can you net it?
and if youre filing for a small amount... like under $50k... is it better to just use a 1040? |
#2
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Re: schedule C questions
i think you wins are 'Gross reciets or sales" and your losses are 'cost of goods sold'. this is pretty much the same as netting wins and losses because it does not effect your AGI.
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