My wife got her real estate license in late18 and had expenses for training, licensing etc. Did not complete any transactions in 18. Can we deduct expenses if no income?

[TomD8 · Accepted solution]

Yes, she can deduct those business expenses on Schedule C.  But if she is questioned by the IRS, she'll need to show that her real estate activities are a business for her, not a hobby.  One way to support this is to show that she has affiliated herself with a local real estate firm, that her name is on their roster of agents, etc.