SD1
Level 2

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?