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If you have received any 1099s for your business, you are required to file a return.
Even if you are not required to file a return for the business, you should do so if you have expenses that you paid in 2016.
There is no specific amount of gross income (money coming in) or profit that you must meet in order for your expenses to be deductible.
Important note: You are only able to deduct your expenses in the year that you paid them - you cannot save them for a future year.
To get to the input screens for your business:
If you have received any 1099s for your business, you are required to file a return.
Even if you are not required to file a return for the business, you should do so if you have expenses that you paid in 2016.
There is no specific amount of gross income (money coming in) or profit that you must meet in order for your expenses to be deductible.
Important note: You are only able to deduct your expenses in the year that you paid them - you cannot save them for a future year.
To get to the input screens for your business:
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