topic I've been writing books for years, but last year was the first year I made money. I never claimed expenses in prior years, is it too late to do so now (without amending)? in After you file

I've been writing books for years, but last year was the first year I made money. I never claimed expenses in prior years, is it too late to do so now (without amending)?

postplexus — Thu, 06 Jun 2019 05:53:03 GMT

I hesitated to claim expenses when I had nothing published to show for it. I am hoping I am allowed to claim all the expenses from prior years that led to this year's income. Wishful thinking?

Yes, unfortunately it is too late to report business expe...

PatriciaV — Thu, 06 Jun 2019 05:53:04 GMT

Yes, unfortunately it is too late to report business expenses incurred in a prior year without amending those tax returns. However, since you had a profit this year, the IRS is less likely to consider this activity to be a hobby rather than a business.