June 1, 2019 9:49 AM
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The business would be life coaching. Its basically a Schedule C, I have costs incurred involved with travel, but how can I deduct expenses if I don't have income? It would just be negative towards my w2 income on my 1040 and I would be subject to less tax liability? I asked this question before and I was told I couldn't deduct the costs until I made income.