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