In Sept 2019 I became a real estate broker. I made $0.00 in commission in 2019 and in 2020. In 2021 I made less than $4K in commissions. Can I deduct 2020 expenses?

I did not deduct my expenses in 19

566

Level 15

Dec 28, 2021 1:44:35 PM

You can’t deduct expenses incurred in2020 on your 2021 return.

Level 4

Dec 29, 2021 1:08:31 PM

You can if they qualify as start-up costs.