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paozanne
New Member

After 5 years of consulting business income, I had no income in 2016 due to changes federal policies re. consulting . Can I still deduct my business expenses in 2016?

 
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MinhT
Expert Alumni

After 5 years of consulting business income, I had no income in 2016 due to changes federal policies re. consulting . Can I still deduct my business expenses in 2016?

If you were still actively seeking income for your business in 2016, you can deduct allowable business expenses.

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

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MinhT
Expert Alumni

After 5 years of consulting business income, I had no income in 2016 due to changes federal policies re. consulting . Can I still deduct my business expenses in 2016?

If you were still actively seeking income for your business in 2016, you can deduct allowable business expenses.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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