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New Member
posted Jun 4, 2019 2:00:45 PM

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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New Member
Jun 4, 2019 2:00:46 PM

no unless you can verify material participation in the business

1 Replies
New Member
Jun 4, 2019 2:00:46 PM

no unless you can verify material participation in the business