2785001
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Ask the Experts Multi-State Tax Filing! >> Event happening TOMORROW!
Close icon
Do you have a TurboTax Online account?

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

rrogers1
New Member

Got a business License in Ga last year to sell Quail, however never opened for business. Had some expenses but never any income. do I need to file taxes anyway. ?

Got a business license, do I need to file taxes?
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

Got a business License in Ga last year to sell Quail, however never opened for business. Had some expenses but never any income. do I need to file taxes anyway. ?

You should be able to deduct your expenses as a capital loss.

 

See https://www.irs.gov/publications/p535#en_US_2021_publink1000208613

View solution in original post

1 Reply

Got a business License in Ga last year to sell Quail, however never opened for business. Had some expenses but never any income. do I need to file taxes anyway. ?

You should be able to deduct your expenses as a capital loss.

 

See https://www.irs.gov/publications/p535#en_US_2021_publink1000208613

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question