Hello,
I found the location for where to enter in the business expenses / deductions, but as I enter in the information, TurboTax does not adjust the amount owed/due (top left). It should adjust the amount owed / due based. As stated in this thread (discussion), a business does not need to have income to deduct expenses. Example, two jobs, one is w-2 the other is consulting (not w-2). The consulting was profitable last year, not this year ($0). There are (were) expenses related to consulting (marketing / meetings / promoting / travel). The expenses from this should reduce the w-2 income (owed /due) box based on expenses, but it does NOT. Why, even though there is no income from the business in 2021 (there was in 2020), the expenses should be deducted from the
w-2 income. Why does the TurboTax program not do this ????
