@cheyenne112198 .there may be some good news. if you have a loss on this business and no other business or nonbusiness income, you would have a net operating loss. Turborax does not compute this. Use Form 1045 Schedule A. the NOL can only be carried forward to reduce taxes for next year.
https://www.irs.gov/forms-pubs/about-form-1045
as a side note. if your business continues to produce losses year after year the IRS can challenge this and rule the activity is a hobby. then the revenue would be taxable (not subject to self-employment taxes) but most deductions and expenses for the activity would be disallowed. losses in an activity for 3 or more of the taxable years in the period of 5 consecutive taxable years which ends with the current taxable year could be deemed a hobby by the iRS, unless upon audit, the taxpayer can provide substantiation acceptable to the iRS that this activity was engaged in for profit
