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user230376017
New Member

Do I still file a schedule C if I have expenses but no income for my business? Are those expenses still deductible?

 
1 Reply
AndreaC1
Level 9

Do I still file a schedule C if I have expenses but no income for my business? Are those expenses still deductible?

Yes, you can still input your expenses even if you only had a no income or a small amount of income. It looks like you are using TurboTax Home & Business desktop software, so I will provide steps below for how to start the Schedule C to enter your business expenses. 

  • Click Search Topics in the top of the software screen
  • Type in Schedule C and select it in the list and click Ok
  • This takes you to the Did you have any income and expenses for a business in 2016? screen
  • Answer Yes and follow prompts to enter your business information 
  • Once you've gone through a few screens, you will get to the Your Business screen
  • Scroll down to Business Expenses section there and start inputting your expenses there

Another way to get here is to:

  • Click Business tab and Continue
  • Select I'll choose what I work on and then Start or Update next to Profit or Loss from Business
  • This takes you to the Did you have any income and expenses for a business in 2016? screen
  • Answer Yes and follow prompts
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