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Old 02-28-2018, 04:22 PM
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Join Date: Feb 2018
Location: glenn heights, tx
Posts: 5
income

i file married jointly, schedule c, have only income of disibility and 1099 ,,afterall the deduections on shedule c i have a negative...there is no tax oh our
disibilty........after all on 1040 a 0 is there..

help



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Old 02-28-2018, 08:37 PM
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Join Date: Oct 2010
Posts: 5,083
Aslongas your biz related expense on Sch C of 1040 exceeds your income reported on your Sch C of 1040,I mean your deductions for the year are more than your income for the year, you may have a net operating loss . An NOL year is the year in which an NOL occurs. You can use an NOL by deducting it from your income in another year or years.



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