I have started a sole proprietor business last year but I didn't start selling books online until this year. Should I still file that business on my tax return with my W-2s and 1099 NEC jobs?
I only have startup costs like paying a cover designer, editors, advertising, etc.
Yes, report your business and claim your expenses even if you didn't have any income. To be deductible, a business expense must be both ordinary and necessary.
An ordinary expense is one that is common and accepted in your industry. A necessary expense is one that is helpful and appropriate for your trade or business. An expense does not have to be indispensable to be considered necessary. Irs.gov
To report your self employment expenses:
However, a start-up cost is recoverable if it meets both of the following requirements:
Yes, report your business and claim your expenses even if you didn't have any income. To be deductible, a business expense must be both ordinary and necessary.
An ordinary expense is one that is common and accepted in your industry. A necessary expense is one that is helpful and appropriate for your trade or business. An expense does not have to be indispensable to be considered necessary. Irs.gov
To report your self employment expenses:
However, a start-up cost is recoverable if it meets both of the following requirements: