You need to go through those questions about your business. Those are follow-up questions about your business code, Qualified Business Income Deduction, and general business information that needs to be confirmed on your Schedule C each year. It has nothing to do with your expenses being more than your income. So, click through those screens and give TurboTax that information it needs to minimize your audit risk 🙂
Here is the gist of the message in this article. It is normal to have a couple of years of losses, as long as you have a profit motive. When the IRS Classifies Your Business as a Hobby
Here are some other articles you may find helpful with your new business!
Reporting Self-Employment Income and Expenses
New Small Business Legislation
Tax Tips for Sole Proprietors
Starting a Business
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