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I'm a young living member, but didn't earn/expense anything this year. Should I say I got out of the business (though next year I may be more active) or something else?
In years past, I've had a small amount of commissions and expenses, so it made moderate sense to file. This year, I opted to just use products for personal use (so don't feel like i can claim any expenses and certainly didn't get commissions), however I don't want to close the door on the possibility of ramping up my business involvement in the future. Do I just delete the business from Turbo Tax, put $1 income just so it's non-zero, or say I got out of the business? I'm not sure what risk I incur by any of those decisions.
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June 6, 2019
4:55 AM
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Business & farm
Just delete the business from the return and there is nothing else you need to do.
June 6, 2019
4:55 AM