2000.3.2.9 Self-Employment Loss

When the expenses are greater than income, the result is a loss. Do not deduct non-farm losses from any other income. Deduct farm losses from other net self-employment income. Deduct any remaining farm loss from the total amount of earned income (minus the earned income deduction) and unearned income. Exception : Do not budget as a farm loss if the annual gross farm income is less than $1000.