topic How do I claim expenses for a business that is closed? No K1 as last return was filed in 2016. in Business & farm

How do I claim expenses for a business that is closed? No K1 as last return was filed in 2016.

dmchand2 — Wed, 05 Jun 2019 23:19:14 GMT

I am paying off debt (so interest and fees expenses, internet, license, and legal fees) involved.

You can't claim expenses for a business that is closed. D...

AmandaR1 — Wed, 05 Jun 2019 23:19:16 GMT

You can't claim expenses for a business that is closed. Debt is typically never deductible because the expenses were deducted in the business when you paid them.