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How do I enter small business expense deductions if I haven't made an income yet?
I started an event series in March 2024. We had nine events in 2024 with almost 200 participants total. The venture takes considerable time and effort, has a social media presence and is regularly marketed, and I have expertise in the field. The events are free, and therefore I have no profit, but we started charging admission in 2025 and expect a profit this year. I have a W2 income from my regular job. How do I make deductions in TurboTax without having an income associated with this business venture?
‎February 14, 2025
10:42 AM