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F
Flipper1
June 5, 2019
Question

I have a business with world ventures or dreamtrips. I didn't make a profit or any money this year. Can I file my expenses and losses?

  • June 5, 2019
  • 1 reply
  • 0 views

This is the 2nd year for me with no profit. I don't have receipts for the food and grocery that I purchased for the business but I do have a bank statement. Is that acceptable? 

1 reply

H
HelenaC
Employee
June 5, 2019

Yes, you can file a return with losses from your business. 

For proof of business expenses, a bank statement alone is not enough. https://ttlc.intuit.com/replies/4544718

For additional information, click on What kind of records should I keep | Internal Revenue Service - IRS.gov

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