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posted Jun 1, 2019 10:42:04 AM

Can I receive refund for my business if the business isn't operating in 2018? I made expenses for the business in 2018

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1 Best answer
Expert Alumni
Jun 1, 2019 10:42:05 AM

Unfortunately, you cannot receive a refund for your business that operated at a loss last year.  You can, however, use the loss to reduce your earned income which could result in lower taxes or a higher refund.    

1 Replies
Expert Alumni
Jun 1, 2019 10:42:05 AM

Unfortunately, you cannot receive a refund for your business that operated at a loss last year.  You can, however, use the loss to reduce your earned income which could result in lower taxes or a higher refund.