Claiming a loss doesn't make you more susceptible to an audit. However, large deductions about income could. When you enter your income and expenses in TurboTax, TurboTax will provide an audit risk assessment for each Schedule C.
Although the business may have a higher risk for an audit, and there is no way to guarantee an audit won't occur, as CatinaT1 states, "You are required to report all your income and expenses for your business and keep records and receipts of such."
Maintaining an accurate record will allow you to be prepared if an audit occurs.
@avigo45
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
