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Lee912
New Member

Can I file Schedule C for my consulting business even though I did not have any revenue this year?

 
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MinhT
Expert Alumni

Can I file Schedule C for my consulting business even though I did not have any revenue this year?

If you had no revenue but have ordinary and necessary expenses to claim for your business then you should file Schedule C.

If you had no revenue and no expenses, you do not need to file Schedule C as this has no impact on your taxes.

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1 Reply
MinhT
Expert Alumni

Can I file Schedule C for my consulting business even though I did not have any revenue this year?

If you had no revenue but have ordinary and necessary expenses to claim for your business then you should file Schedule C.

If you had no revenue and no expenses, you do not need to file Schedule C as this has no impact on your taxes.

**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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