turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

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

catGirl2
New Member

I'm a young living member, but didn't earn/expense anything this year. Should I say I got out of the business (though next year I may be more active) or something else?

In years past, I've had a small amount of commissions and expenses, so it made moderate sense to file.  This year, I opted to just use products for personal use (so don't feel like i can claim any expenses and certainly didn't get commissions), however I don't want to close the door on the possibility of ramping up my business involvement in the future.  Do I just delete the business from Turbo Tax, put $1 income just so it's non-zero, or say I got out of the business?  I'm not sure what risk I incur by any of those decisions.
Connect with an expert
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.

1 Reply

I'm a young living member, but didn't earn/expense anything this year. Should I say I got out of the business (though next year I may be more active) or something else?

Just delete the business from the return and there is nothing else you need to do. 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies