Home office expenses for established business but no income in 2023.

[AKSys]

Hi,

I've Business for 3 Years and reporting income on that in 2021, 2022. Unfortunately there is no income in 2023. How do I claim expenses of home office?

Thanks

[ktran9]

I assume you are a sole proprietor.  Hence, your business income and expenses should be reported on Schedule C of your personal return (Form 1040). 

In 2023, your business has no income, but you have home office expenses. You can claim the home office expenses, and your business would likely have a net operating loss (NOL). You can carry the 2023 NOL forward to 2024 and later years.