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Travel Blogger with No Income - Can I write off business expenses?
My wife and I started a travel blog in 2021. While we spent a lot of money in equipment, advertising and travel, we have not made a very nominal income (~$1k). It generally takes anyways from 2-4 years to have any sizeable income from what we read, assuming and hoping the business picks up.
With that said, given that my expenses are roughly $25-30k, should I be submitting any business expenses if I have a very low income?
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‎April 9, 2022
2:54 PM