topic Unemployed independent contractor in Business & farm

Unemployed independent contractor

judyattcs — Fri, 19 Mar 2021 16:36:10 GMT

I am an independent contractor. If I did not have a contract in 2020, can I still file Schedule C but with a loss for office expenses

Re: Unemployed independent contractor

MinhT1 — Fri, 19 Mar 2021 16:52:24 GMT

Yes.

If your business was still active in 2020 but you did have income, then you can file a Schedule C to claim ordinary and necessary expenses such as office expenses.

Re: Unemployed independent contractor

judyattcs — Fri, 19 Mar 2021 17:29:10 GMT

There was no business income in 2020 because of potential customers business closures even though I was still looking.

Re: Unemployed independent contractor

MinhT1 — Fri, 19 Mar 2021 20:18:43 GMT

Then you can consider that your business was still active and can deduct the expenses you incurred.