If i started my business in oct 2016.can i include those months on my 2017 taxes?or do i have to file 2016 separately?

i didn't file 2016 yet because of it being such a short period of time.

207

1 Best answer

Expert Alumni

Jun 4, 2019 7:06:54 PM

The IRS requires you to report activity in the year it occurred; therefore, you cannot comingle different years.

Even though the amounts were small, you will still need to report your 2016 activity on your 2016 Tax Return.

Expert Alumni

Jun 4, 2019 7:06:54 PM

The IRS requires you to report activity in the year it occurred; therefore, you cannot comingle different years.

Even though the amounts were small, you will still need to report your 2016 activity on your 2016 Tax Return.