MTee777
Returning Member

Help -- Sole Proprietor company I created it this year. Only lost money no gain

Hi,

 

I've done contracting before. However, this year I tried to run an online store. It would be a Sole Proprietor company I created it this year. I need to know what I can deduct and how - did 't make any money only spent it.

 

How do I enter 

classes

money spent for domain

Other outside applications to run my company

 

to help me get money off of my taxes. I didn't make any money so I am guessing I will not owe any taxes. Which Turbo tax should I use and would I need to file tax returns in all 50 states if it was an online store with no income?

 

Can you tell I could use the help. 🙂 Thank you ahead of time.