The IRS allows you to claim losses for three out of five years. You do not have to show a large profit but a profit.
If too many years go by without showing a profit the IRS may classify your business as a hobby making it ineligible for tax deductions.
If you are already operating at a loss you may want to spread the cost of your laptop phone and IPad over time so when you are making a profit it will be benificial. Computers depreciate over a five year period along with the Ipad. Your cell phone depend on how much is business use.
Depreciation of Business Assets
Can Cellphone Expenses Be Tax Deductible with a Business?
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