What Am I Doing Wrong With My Schedule C Form

What Am I Doing Wrong With My Schedule C Form

I have my W2 from my regular job, and I also started a business in which I had a major loss of expense.

I was filing my tax, on my w2 I had 0 federal income tax taken out. Since I have a dependent I got a good amount of refund but when I added my business information and my expenses on the schedule c form it brought my refund amount down from 6000$ to 1000$.

My expenses in my business was 3000$ and I only made 200$ in profit. what am I doing wrong, because I am trying to get back the money I lost from this business?

Thanks again in advance for your help.

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