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Old 01-27-2015, 12:59 PM
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TheGoodLife TheGoodLife is offline
Home Daycare Provider
Join Date: Feb 2012
Location: Midwest
Posts: 1,368

Originally Posted by TomCopeland View Post
You don't have any income in 2015 but you do have some expenses (food, etc.). Go ahead and fill out your 2015 tax return next year and claim the expenses, but no income. You'll show a loss.

Thanks Tom, just wondering- will a loss affect my taxes, if I don't have any business income for it to take from? I thought a loss only went against business income, to reduce what you claim for tax purposes?
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