PDA

View Full Version : Schedule A Deductions and Schedule C - No AGI


Jim1797
Feb 20, 2007, 10:15 AM
Hi,
I am a sole proprietor (an electrician) and after finishing schedule c I basically had very little profit to report from the business. With no other Adj Gross Inc, I started to figure my itemized deductions, but with no Adj Gross Inc, how can I best use my itemized deductions?
Thanks,

AtlantaTaxExpert
Feb 20, 2007, 11:10 AM
You cannot use them. If there is no income, the itemized deductions will, for the most part, be wasted.