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New Member
posted Apr 15, 2025 5:17:56 PM

I’m an appraiser who received no work as an appraiser last year but paid out for insurance, mls subscriptions to try to get work. No 1099 last year and I took a w2 job to

The w2 job was to pay bills in the interim. I made no money last year as an appraiser. Can I still deduct the expenses incurred to try to get work?

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2 Replies
Expert Alumni
Apr 15, 2025 5:31:07 PM

Job seeking expenses were eliminated from the federal tax laws when the laws changed for 2018 to 2025.

 

However, even without income, you may be able to deduct your expenses, as long as you meet certain IRS guidelines. Self employment business losses can offset other income on your tax return and lower your overall tax bill. 

 

Did you operate your appraisal business as a Schedule C business last year?

Level 15
Apr 15, 2025 5:43:13 PM

You must use Schedule C.

You will get away with it this year if you have appraisal income next year or the year after.