Paying Taxes for Zero Income???

[Crafty]

Looking for your opinion.
I opened in-home daycare in October 2019 and by some reasons haven't started yet. So my income was zero.
My husband applies his taxes including me.
What should I do?Do I need tax application separately for my in-home daycare?

Please,need your advises
Thank you!

[Crafty]

Texas state

[Michael]

Welcome to the forum. Here are some threads that may be helpful: https://www.daycare.com/forum/tags.p...ly+or+separate

[rosieteddy]

I think you should be able to claim -o income. I would look into it ,possibly with a professional tax person.Start up costs should be deductible.

[TomCopeland]

Originally Posted by Crafty

Looking for your opinion.
I opened in-home daycare in October 2019 and by some reasons haven't started yet. So my income was zero.
My husband applies his taxes including me.
What should I do?Do I need tax application separately for my in-home daycare?

Please,need your advises
Thank you!

I assume you were ready to care for children in 2019. In that case you can claim any business expenses on Schedule C and show a loss. That loss will reduce your husband's taxable income. You want to file jointly.

[Crafty]

Originally Posted by TomCopeland

I assume you were ready to care for children in 2019. In that case you can claim any business expenses on Schedule C and show a loss. That loss will reduce your husband's taxable income. You want to file jointly.

Thank you for respond!