Re: I started a home-based business in late 2019 and had some expenses but didn't make any money ...

I started a home-based business in late 2019 and had some expenses but didn't make any money yet. Can I still claim the expenses on our joint tax return?

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If your business was active in 2019, you can claim ordinary and necessary expenses in 2019 even if you do not yet have any income.

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business inventory was sold at COGS in 2025 with no business expenses. How do I treat this income for 2025 tax year?

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I started a home-based business in late 2019 and had some expenses but didn't make any money yet. Can I still claim the expenses on our joint tax return?

I started a home-based business in late 2019 and had some expenses but didn't make any money yet. Can I still claim the expenses on our joint tax return?

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I started a home-based business in late 2019 and had some expenses but didn't make any money yet. Can I still claim the expenses on our joint tax return?

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I started a home-based business in late 2019 and had some expenses but didn't make any money yet. Can I still claim the expenses on our joint tax return?

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