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Can a report a business loss even if I did not earn any money. I meet a material participation test requirement and would be able to check yes on line G of schedule C

 
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MinhT
Expert Alumni

Can a report a business loss even if I did not earn any money. I meet a material participation test requirement and would be able to check yes on line G of schedule C

Yes, you can report a loss on your schedule C if you had allowable expenses and no business income.

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MinhT
Expert Alumni

Can a report a business loss even if I did not earn any money. I meet a material participation test requirement and would be able to check yes on line G of schedule C

Yes, you can report a loss on your schedule C if you had allowable expenses and no business income.

**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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