I started an active business in 2016 but had no income until 2017. Additionally my total loss was less than $20,000. Are my losses fully deductible in 2016?

[dneufelder]

My losses were all incurred on and after the month that I started my business.

[RichardK · Accepted solution]

Business expenses are deductible in 2016 if the business has started in 2016, regardless if there is any income or not.