I have been slowly retiring from my consulting practice. Last year I had no business income, but I still had expenses. Can I deduct them, and if so do I use a Schedule C?

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I have been slowly retiring from my consulting practice. Last year I had no business income, but I still had expenses. Can I deduct them, and if so do I use a Schedule C?

Yes. As long as you are in business (even part-time), you can report your business expenses on Schedule C.

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I have been slowly retiring from my consulting practice. Last year I had no business income, but I still had expenses. Can I deduct them, and if so do I use a Schedule C?

Yes. As long as you are in business (even part-time), you can report your business expenses on Schedule C.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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