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? Best answer: Answer by onerandomchanceTechnically you can still claim the expenses incurred to operate your business but if you… Continue reading Q&A: Can I claim tax deductions even if my home-based business didn’t make a penny?
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Can I claim tax deductions even if my home-based business didn’t make a penny?
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… Continue reading Can I claim tax deductions even if my home-based business didn’t make a penny?