Yes, you may report your self-employed business activity, even if you had a loss. TurboTax
Self-Employed is specifically designed to help self-employed business owners like you file an accurate and complete Schedule C. Simply follow the prompts to complete this section of TurboTax.
The easiest way to
find Schedule C in TurboTax is to open
your return and use the Search box at the
top right side of the TurboTax header. Enter "schedule c", hit Enter,
then click on "jump to schedule c".
This will take you directly to the start of this section where you can set up
your business and enter your income & expenses.
Or go to My Account >> Tools >> Topic Search.
Type in "schedule c", click the topic in the list, then click
"GO".
Note that your business loss will reduce your overall taxable income, so it is worth the effort to include your business on your tax return.
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