Question by moneyreligion: Can I claim tax deductions even if my home-based business didn’t make a penny?
Does a business, home-based or not, need to have any sort of income to get the tax deduction advantages?
Help me be less accounting challenged.
Best answer:
Answer by **sarz**
I was always under the impression that the less a business made the more you can claim at tax time. My friend is an accountant and she always tells me to hide a bit for this reason.
Add your own answer in the comments!