You can file a Schedule c business return with a loss for 2019. First year businesses fail routinely fail in the first year of business. You can also report it next year as a business that has been disposed of in your 2020 return if you decide to liquidate it. if you continue to stay in business for three more years after 2020, you will need to show a profit in the business or the IRS will reclassify your business as a hobby meaning that you cannot declare more losses after the second year being in business.
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