Dan Posted March 9, 2023 Report Share Posted March 9, 2023 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...
Lee B Posted March 9, 2023 Report Share Posted March 9, 2023 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, 2023 Report Share Posted March 9, 2023 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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