My wife is a real estate agent on the side, but she was not able to close a deal last year (no income). Can we claim expenses related to her side business?

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My wife is a real estate agent on the side, but she was not able to close a deal last year (no income). Can we claim expenses related to her side business?

Yes, you can. But, this is not something you can continue to do year after year, The IRS expects a business owner to show a profit. If not, they will determine it to be a hobby.

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My wife is a real estate agent on the side, but she was not able to close a deal last year (no income). Can we claim expenses related to her side business?

Yes, you can. But, this is not something you can continue to do year after year, The IRS expects a business owner to show a profit. If not, they will determine it to be a hobby.

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My wife is a real estate agent on the side, but she was not able to close a deal last year (no income). Can we claim expenses related to her side business?

My wife is a real estate agent on the side, but she was not able to close a deal last year (no income). Can we claim expenses related to her side business?

My wife is a real estate agent on the side, but she was not able to close a deal last year (no income). Can we claim expenses related to her side business?

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My wife is a real estate agent on the side, but she was not able to close a deal last year (no income). Can we claim expenses related to her side business?

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My wife is a real estate agent on the side, but she was not able to close a deal last year (no income). Can we claim expenses related to her side business?

My wife is a real estate agent on the side, but she was not able to close a deal last year (no income). Can we claim expenses related to her side business?

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