H
hockmasm
Guest
last year i made about 5,000 as a sole proprietor.
I took the home business deduction and others from items I bought.
This year I have mad $0 because I had no time for work (side business.)
Can i still take the home business deduction? Or will that be a red flag since i made $0 profit this year? Same thing goes for a computer. if i were to buy one can i write it off? or do i need to make at least some money?
I took the home business deduction and others from items I bought.
This year I have mad $0 because I had no time for work (side business.)
Can i still take the home business deduction? Or will that be a red flag since i made $0 profit this year? Same thing goes for a computer. if i were to buy one can i write it off? or do i need to make at least some money?