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New Member
posted Oct 24, 2022 1:26:34 PM

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?

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1 Best answer
Level 15
Oct 24, 2022 5:19:39 PM

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

 

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

1 Replies
Level 15
Oct 24, 2022 5:19:39 PM

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

 

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