AnnetteB6
Employee Tax Expert

Business & farm

If the expenses are for an established business that you continued to operate in 2021 with the intention of making a profit, then the expenses are deductible as business expenses, even without any reportable business income.

 

However, your home office expenses may not be deductible if you are claiming actual expenses.  They will be carried forward to future years when you have a profit.  

 

@vinceferraro

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