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Level 1
June 3, 2019
Question

I have a sole proprietor LLC that has expenses this year (LLC License, etc.) but does not have any income this year. Can I claim the expenses?

  • June 3, 2019
  • 1 reply
  • 5 views

I had income from the LLC in the last tax year, but not this year.  I anticipate having income from it next year.  I'm mostly concerned about being audited.  The amount of deduction is small.

I thought about removing it entirely, but I was afraid that might raise more questions.

1 reply

Critter
Level 15
June 3, 2019

You can have a year with expenses and no income ... that is not unusual.