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January 17, 2021
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Can I deduct the minimal expenses my consulting business had for 2020 even if I had no income due to COVID. Do I need the self-employed software version?

  • January 17, 2021
  • 1 reply
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Best answer by MinhT1

Yes, if your business was still active in 2020, you can deduct necessary and ordinary expenses even if you had no income.

 

Yes, you'll need to use TurboTax Self-employed to file a Schedule C and claim these expenses.

1 reply

MinhT1Answer
January 18, 2021

Yes, if your business was still active in 2020, you can deduct necessary and ordinary expenses even if you had no income.

 

Yes, you'll need to use TurboTax Self-employed to file a Schedule C and claim these expenses.

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