From: Jason Cortlund (email suppressed)
Date: Tue Jun 24 2008 - 09:43:46 PDT
Actually, Roger, I think that's only correct for Schedule A deductions (as
in charitable/tax deductible donations).
The Schedule C is not related to your standard deduction. You apply the
profit or loss of your "business" (from the Schedule C) against your
wages/salaries/tips to find your Total Income. After that you apply either
the standard deduction or your itemized Schedule A deductions (whichever is
greater).
But again, I'm not a CPA.
Best,
Jason Cortlund
On 6/24/08 12:14 PM, "Roger Beebe" <email suppressed> wrote:
> In all of this, though, do remember that if you don't spend more than
> the standard deduction ($5450 for single folks in 2008), then
> itemizing won't save you a dime.
>
> ...
> Roger
>
> On Jun 23, 2008, at 11:52 PM, Steve Polta wrote:
>
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