Some clarification here... I have been providing food and medication for a community of feral cats living in my yard and in my house, since before 2022. My actual expenditures for same have been about 1000.00/month. I received an official, fictitious name, aka dba, from state of fla, which enabled me to open a business bank account for this business, in October 2022. My hope was to receive donations into this account and pay all bills from this account, but so far, all expenses have been paid from my personal checking account, and have not yet received any income. In my 1st business, sole prop, sched c, I posted my gross income, and my expenses were subtracted from that, for net profit.
I'm hoping I can add the 2nd business using same TurboTax filing, showing no income, but show all expenses for care of the kitties.
Will this work to lower my total tax burden?
Ty, t
