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Is it a red flag to claim business expenses without income?
Hello,
I started an LLC in July of 2022. I spent a few thousand dollars for equipment and training, but haven't started marketing the business yet, so I made $0 in business income in 2022 (I do have employment income). Will it trigger an audit if I claim business expenses on my 2022 tax return without any business income? If so, then can I hold off and claim business expenses from 2022 on my 2023 return? Thank you in advance for your help.
‎January 30, 2023
10:41 PM