I am an indepentdent contractor in the travel industry. I spent more than I made on my travel business. How am i supposed to add this into my taxes?

Business expenses are added by category. If you are a sole proprietor, you will add a Schedule C to your return. In TurboTax Self-Employed, you can add this information under Income & Expenses. Click Start/Revisit next to Self-employment income and expenses. The software will ask you about your industry and add common expenses for your line of work. You can add more by clicking Add expenses for this work.

Below are some helpful tools for small business owners regarding the deduction of business expenses. It is okay to show a business loss, and it often happens to a new business. However, a "trade or business" for tax purposes is any activity engaged in for profit. You don't actually have to make a profit, but you should be seeking to make a profit through regular and continual effort.

Taking Business Deductions

What self-employed expenses can I deduct?

Business Use of Vehicles

Home Office Deduction