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nvappraisal
April 16, 2025
Question

I’m an appraiser who received no work as an appraiser last year but paid out for insurance, mls subscriptions to try to get work. No 1099 last year and I took a w2 job to

  • April 16, 2025
  • 1 reply
  • 0 views
The w2 job was to pay bills in the interim. I made no money last year as an appraiser. Can I still deduct the expenses incurred to try to get work?

1 reply

T
TomK2023
April 16, 2025

Job seeking expenses were eliminated from the federal tax laws when the laws changed for 2018 to 2025.

 

However, even without income, you may be able to deduct your expenses, as long as you meet certain IRS guidelines. Self employment business losses can offset other income on your tax return and lower your overall tax bill. 

 

Did you operate your appraisal business as a Schedule C business last year?

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fanfare
Employee
April 16, 2025

You must use Schedule C.

You will get away with it this year if you have appraisal income next year or the year after.

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