712226
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Tax Law Changes - One Big Beautiful Bill on Aug 6! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

smalls_08
New Member

I didn’t make any money from my business. Do I have to list all business income in my personal taxes even though that’s not what I made?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
AmandaR1
New Member

I didn’t make any money from my business. Do I have to list all business income in my personal taxes even though that’s not what I made?

Yes, you need to report all business income as it's reported to you. If an amount reported to you on a form is incorrect, then you should go back to the company that issued you the form and have it corrected. They'll need to provide you with a 'corrected' version of the form, which you can report on your taxes. 

You don't want to report a different amount from what is reported to you on a form because these forms are submitted to the IRS too. 

If you provide more information about the type of business you have and the form that you received, I can help you verify why it's incorrect. 

I didn’t make any money from my business. Do I have to list all business income in my personal taxes even though that’s not what I made?

You must also claim all business expenses.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question