Solved: No, in most cases you do not have to file for the busines...

Do I have to file taxes for a business I tried to start up last year?

posted

No, in most cases you do not have to file for the business. But, if it was a legitimate attempt at a profit-seeking venture, you can write off up to $5,000 in start up costs.

View solution in original post

No, in most cases you do not have to file for the business. But, if it was a legitimate attempt at a profit-seeking venture, you can write off up to $5,000 in start up costs.