To use the % of income with a loss I would just calculate as if the negative loss was a positive #. It's just as much work to calculate the loss vs income. Alternatively, you can always ask the tax preparer to itemize your invoice by personal & business.That was the root of my question. If I pay somebody to prepare my tax forms, how do I determine the percentage of that fee that is considered to be related to my business? That is the question that I am trying to figure out.
UberTaxPro suggested to use percentage of total income that derives from Schedule C and apply that percentage to the tax preparation fee. That seemed reasonable at first glance, but what if Schedule C shows a net loss?
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Last year I paid UberTaxPro to prepare them. This year I am preparing them myself.