You need to sit down with a tax professional to go over your situation. Likely, sooner or later reporting losses year after year is going to trigger an audit. Then the IRS will want some form of evidence that you can turn the business around
see this from Turbotax
https://turbotax.intuit.com/tax-tips/small-business-taxes/when-the-irs-classifies-your-business-as-a...
you say you work 100% of the time yet revenue was only about $5K. that's not enough to support anyone so where is the money coming from to support yourself and to fund the losses. If audited, the IRS is going to want to know. Something is not adding up.
