Home Business

My wife and daughter started a home business and we used our own money to buy the material and equipment needed to make their products. Because of COVID-19 they were only able to do one show in December of 2020. We have over $10,000 of money into the business. Is there somewhere on Turbo Tax that we can claim this lost?

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Home Business

You can still file a Schedule C if you had little or no income.

Just claim your expense related to the business.

TurboTax will guide you through this.

-follow these links for additional information-

What Is a Schedule C IRS form? - TurboTax Tax Tips & Videos

Where do I enter Schedule C? - TurboTax

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