Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
jjoseph93
New Member

I was self employed last year - realtor. Did not have any income, but had expenses. Can I deduct these expenses from our other income?

 
1 Reply
WillK
Level 9

I was self employed last year - realtor. Did not have any income, but had expenses. Can I deduct these expenses from our other income?

Unfortunately no, these expenses need to be reported on your business return. If your business was operational last year and you had expenses, you can file a business return (Schedule C) to report those expenses.

If the expenses you had last year are start-up expenses you can use them on your 2017 business tax return as start up expenses. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
Dynamic AdsDynamic Ads
Privacy Settings
v