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posted May 31, 2019 7:52:00 PM

Tax Year 2016: Relocated my business, self employed. No income for 2016 but had expenses. Can I claim them?

I've filed as a Realtor since 1988 but relocated and started over.  Took a salaried jobs to get by and didn't sell any houses in 2016 so no income for 2016, but there were expenses, licenses, dues, internet etc. Normal and necessary.

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Level 5
May 31, 2019 7:52:03 PM

Yes, as long as you could have received income as a real estate agent (just didn't get a client) and didn't completely stop your "business".  It is quite normal for small business owners and contractors to obtain other employment to supplement.  The loss on your Schedule C will be netted with your other employment income.