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.

posted

Connect with an expert

1 Best answer

Accepted Solutions

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

View solution in original post

1 Reply

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

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post

Expert does your taxes

Do it yourself

Resources

Support

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

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

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

Unlock tailored help options in your account.

Get more help

Do you have a TurboTax Online account?

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

Do you have an Intuit account?

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

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

Unlock tailored help options in your account.

Get more help

Related Content

Thank you for helping us improve the TurboTax Community!

Sign in to Turbotax

File your taxes, your way

Access additional help, including our tax experts

Post your question

Connect with an expert