JeffreyR77
Expert Alumni

Business & farm

If you did not receive any revenue for the business, you do not need to file a Schedule C with your Federal or State tax returns.  If you received any income (not just didn't make any profit) you have a requirement to include a Schedule C with your Federal return to report the income and you can claim expenses associated with that income. If you have a loss, it will reduce any other income you have.