topic My wife is a real estate agent on the side, but she was not able to close a deal last year (no income). Can we claim expenses related to her side business? in Deductions & credits https://ttlc.intuit.com/community/tax-credits-deductions/discussion/my-wife-is-a-real-estate-agent-on-the-side-but-she-was-not-able-to-close-a-deal-last-year-no-income/01/2559436#M244245 Mon, 09 Mar 2026 08:48:09 GMT ME512 2026-03-09T08:48:09Z My wife is a real estate agent on the side, but she was not able to close a deal last year (no income). Can we claim expenses related to her side business? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/my-wife-is-a-real-estate-agent-on-the-side-but-she-was-not-able-to-close-a-deal-last-year-no-income/01/2559436#M244245 Mon, 09 Mar 2026 08:48:09 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/my-wife-is-a-real-estate-agent-on-the-side-but-she-was-not-able-to-close-a-deal-last-year-no-income/01/2559436#M244245 ME512 2026-03-09T08:48:09Z Re: My wife is a real estate agent on the side, but she was not able to close a deal last year (n... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-my-wife-is-a-real-estate-agent-on-the-side-but-she-was-not-able-to-close-a-deal-last-year-n/01/2559459#M244248 <P>Yes, you can. But, this is not something you can continue to do year after year, The IRS expects a business owner to show a profit. If not, they will determine it to be a hobby.</P> Tue, 08 Mar 2022 14:20:17 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-my-wife-is-a-real-estate-agent-on-the-side-but-she-was-not-able-to-close-a-deal-last-year-n/01/2559459#M244248 ColeenD3 2022-03-08T14:20:17Z