TeriH
Employee Tax Expert

Self employed

Congrats on the new business!

If you do have a net loss this year, it will flow through to your 1040 and reduce taxable income generated from other sources. 

Re deducting business miles, yes you should keep a log of business vs personal so the proper allocation of expenses can be made.  There are many apps available to help with that.

Best wishes, 
teri

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