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barnesmr1961
New Member

I don't have any business income to report. Can i still take the simple business deduction

The business was started in August 2016. I have no income. I don't have any other income to report. I did not work a regular job so there is no w-2 income to report. I don't have a 1099 MISC.

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saddlesman
New Member

I don't have any business income to report. Can i still take the simple business deduction

no unless you can verify material participation in the business

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saddlesman
New Member

I don't have any business income to report. Can i still take the simple business deduction

no unless you can verify material participation in the business
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