Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Your taxes, your way. Get expert help or do it yourself. >> Get started
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
kline21810
New Member

Started real estate last year tons of expenses no income can i still claim my expenses

 
1 Best answer

Accepted Solutions
DDollar
Level 7

Started real estate last year tons of expenses no income can i still claim my expenses

Yes, you can claim your business expenses even though you did not have any income in 2018.  This is not unusual for the first year of a business and will not send up any red flags in the first year.

View solution in original post

1 Reply
DDollar
Level 7

Started real estate last year tons of expenses no income can i still claim my expenses

Yes, you can claim your business expenses even though you did not have any income in 2018.  This is not unusual for the first year of a business and will not send up any red flags in the first year.

About Community

Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.

3.48m
Members

2.61m
Discussions

Manage cookies
v