Hello,
I have had a profitable LLC consulting business for a number of years, and mid-2018 converted to a full-time employee of a corporation. I have maintained my business registration and status throughout, expecting that in future years I will generate additional income. Relating to 2020 (and 2019), I had no income, however I had the following small business expenses to keep the business 'available':
- Data Backup for business records
- Business Annual Registration
- Costco Business Credit Card fee
- Web hosting for my business e-mail/web domain
- PO Box for my business address
- Bank Account Fees
Is it acceptable to deduct these business expenses that are kept to maintain the business, even if I am not actively generating revenue? I also want to be cautious of increasing my audit risk, and if that is likely, it is not worth the additional $500 in deductions.
Thanks in advance!
