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Do I have to deduct office expenses on schedule C 2024 if little income
I have been in the Landscaping business for 21 years and have used Turbo Tax Home & Business every year and have pretty much made a small profit every year after the first 5 years. I used the office and vehicle deduction every year as well as other expenses. Gross income for 2024 was only $7300 and I have the child tax credit that eats up all of the refund if I deduct all of the business expenses. My question is do i have to include particularly my office expense. I only have 1 truck for my business that i didn't use in 2024 because wasn't operable.
‎February 4, 2025
1:11 PM