3226510
Hello,
I'm currently working a W2 job, but also have a small side business as a musician. I've incurred expenses for the business in 2023, but haven't made any revenue. How do I file the expenses for the business since I also am filing my W2? Is there anything else I need to know here?
You'll need to sign in or create an account to connect with an expert.
You don't need to report any revenue to report your expenses. However, you will need to set up a schedule C. After answering the business profile information, you can skip the income section and enter your operating expenses in the self-employed expenses section. You can use your home address and no EIN is required. There is some useful information linked below.
You enter your W-2 in the Wages and Income section, and TurboTax will attach the Schedule C to report your business income.
Note: If your TurboTax navigation looks different than what’s described here, learn more.
Here are the self-employed expenses you can deduct and where to enter them.
How does starting a business affect my taxes?
7 Tips when Starting a Business
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
soccerdad720
Level 2
Raph
Community Manager
in Events
user17522541929
New Member
mjcarmagnola
New Member
philpgm
New Member