I have kept my license active as a Realtor since June of 2015. I generally use it to help my wife out who is also a Realtor when she gets busy, but have hoped to generate my own income at the same time. I have reported and claimed a loss for year 2015 and year 2016. I am reluctant to continue claiming a loss for 2017 even though I still work as a Realtor and cannot show a profit 3 of the last 5 years. My questions:
1. Can I discontinue business for 2017 since I don't have profit to report, even though I still have active license with expenses? I just don't want to claim them anymore since the profit part hasn't worked out.
2. Do I delete the business or leave it in Turbo Tax with just a 0 showing?
3. I plan to again show that I am a Realtor in my taxes in the future whenever I can show that I have a profit. Does that seem like an appropriate way to handle my business going forward? I imagine I should handle my expenses going forward as a hobby until I can show a profit since 3 of the last 5 years, I have not been able to do that. I wish there was a way to link my expenses to my wife's business, but I don't know how to do that.
Thanks for your help
