Dan Posted March 9 Report Share Posted March 9 QUESTION: Are you able to start a business with more expenses than the income you receive? Will be completing Schedule C for the client. Quote Link to comment Share on other sites More sharing options...
cbslee Posted March 9 Report Share Posted March 9 Of course, you can start a business actively prospecting for customers late in the year and have zero income. 1 Quote Link to comment Share on other sites More sharing options...
Abby Normal Posted March 9 Report Share Posted March 9 The real question is whether this is really a business or just a hobby. https://www.irs.gov/newsroom/earning-side-income-is-it-a-hobby-or-a-business 1 Quote Link to comment Share on other sites More sharing options...
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