I didn’t make any money from my business. Do I have to list all business income in my personal taxes even though that’s not what I made?

smalls_08 — Thu, 06 Jun 2019 14:19:15 GMT

Yes, you need to report all business income as it's repor...

AmandaR1 — Thu, 06 Jun 2019 14:19:17 GMT

Yes, you need to report all business income as it's reported to you. If an amount reported to you on a form is incorrect, then you should go back to the company that issued you the form and have it corrected. They'll need to provide you with a 'corrected' version of the form, which you can report on your taxes.

You don't want to report a different amount from what is reported to you on a form because these forms are submitted to the IRS too.

If you provide more information about the type of business you have and the form that you received, I can help you verify why it's incorrect.

You must also claim all business expenses.

SweetieJean — Thu, 06 Jun 2019 14:19:19 GMT

You must also claim all business expenses.

topic I didn’t make any money from my business. Do I have to list all business income in my personal taxes even though that’s not what I made? in Business & farm

I didn’t make any money from my business. Do I have to list all business income in my personal taxes even though that’s not what I made?

Yes, you need to report all business income as it's repor...

You must also claim all business expenses.