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Get your taxes done using TurboTax
Thanks. It is a sole proprietorship. This is first year of no income. But always has expenses (website, LLC renewal, etc). To be clear. Do I need to file LLC as hobby and report expenses (losses) but not deduct them? How do I do this using Standard Deduction? Can I stop using Turbotax Small Business and not file Schedule C? Thanks.
‎November 16, 2022
2:17 PM