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mkbd11
April 24, 2025
Question

Can I deduct business expenses if I did not earn any money?

  • April 24, 2025
  • 1 reply
  • 0 views
I am a realtor and I did not earn anything last year can I deduct expenses and carryforward?

    1 reply

    V
    Vanessa A
    April 24, 2025

    Yes. If you were actively in business and did not make money but you had expenses, then yes, you would be able to claim your actual expenses. 

     

     It is possible that claiming the expenses, depending on your other income and the amount of losses,  you would offset your other income so you would not carry the losses forward. 

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