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Is it allowable to offset a negative farm/self-employment income from a wage income?

April 26, 2017allowable farm income negative offset self-employment Wage

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Is it allowable to offset a negative farm/self-employment income from a wage income?

1 Answer

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No. Each source of income is to be considered separately. People who farm or are self-employed are allowed to offset negative earnings within the farm self-employment calculation. However, when their net farm or self-employment income is a negative number, it is considered to be zero ($0.00).