Is “making money” 3 out of 5 years means profit or any revenue ? Like even if there’s some revenue but net losses 3 out of 5 years. Will that still be considered a business ?
reason I’m confused is that in the first year of starting the business I’ve gone through the turbo tax questionnaire and it guided me and allowed me to add all expenses and startup cost and eventually resulted in lowering taxes due. So yes , just like in the guide you linked about How starting a business affects my taxes, it talks about telling turbo tax about my business and it will customize my experience. Which means guides you through entering expenses and relevant deductions.
so maybe the type of business I told it about changes the situation ? Type of business is software development.
