Can I deduct expenses for a related side business from the income I receive from my primary business?

[ctsygiel]

I am a self-employed web developer who has a primary source of income from an international client and have started another web development project that is not connected with my client, though it is related to my work as a self-employed web developer. I have not received income from this project but it has given me expenses. I am wondering if I can deduct these expenses from my income.

[Marketstar · Accepted solution]

Yes, you can combine your income and expenses as your primary and side business are related as a web developer.

To report your business expense in TurboTax:

·       Type in schedule c in the search box, top right of your screen

·       Hit the Enter key

·       Click jump to schedule c in the search results

·       Follow the prompts and online instructions