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Get your taxes done using TurboTax
As long as you were still operating the business and trying to earn income up until the date that you closed the business, then you can claim legitimate business expenses as part of your tax return. Home office expense, professional fees, and self-employed medical insurance premiums are legitimate business expenses regardless of whether you had income to claim for the year that you closed the business.
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March 1, 2025
5:50 AM