My business never had any income just monies spent on keeping my license active,DIR list for bids,Liability insurance,bonds. I work others all year. how do deduct loss?

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My business never had any income just monies spent on keeping my license active,DIR list for bids,Liability insurance,bonds. I work others all year. how do deduct loss?

Just use the Schedule C you would normally use. You show $0 income and the costs to show the loss which will be shown (with limitations) on your Form 1040 and will reduce your Adjusted Gross Income.

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My business never had any income just monies spent on keeping my license active,DIR list for bids,Liability insurance,bonds. I work others all year. how do deduct loss?

My business never had any income just monies spent on keeping my license active,DIR list for bids,Liability insurance,bonds. I work others all year. how do deduct loss?

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My business never had any income just monies spent on keeping my license active,DIR list for bids,Liability insurance,bonds. I work others all year. how do deduct loss?

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My business never had any income just monies spent on keeping my license active,DIR list for bids,Liability insurance,bonds. I work others all year. how do deduct loss?

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