Question by AB: Is it worth claiming 00 in expenses for a home based business when revenue was only 0? ? My wife started a home based photography business but only had $ 150 in revenue. Does anyone know if I can state these on my tax forms, or I am wasting my time since… Continue reading Q&A: Is it worth claiming $4000 in expenses for a home based business when revenue was only $150? ?
Tag: expenses
If I don’t make any money from a home-based business,can I still write off expenses related to it on my taxes?
Question by BizInfoMan: If I don’t make any money from a home-based business,can I still write off expenses related to it on my taxes? I am asking this for a friend. Basically, when you start a home-based business you tend to incur business expenses that you are technically paying with post tax money from your… Continue reading If I don’t make any money from a home-based business,can I still write off expenses related to it on my taxes?